Competition in the AI value chain will be fierce

Significance

This follows a similar launch by Databricks, a cloud-based AI data management platform. Companies along the AI value chain are increasingly launching new GenAI models to funnel potential customers into their product ecosystems. Tech companies large and small are vying to develop innovative, efficient and scalable AI solutions for end-users in an exploding and rapidly evolving AI market.

Impacts

• AI value chain competition will be global, with US, EU, Chinese and other Asian AI companies vying for market share.
• Non-tech sector specialists with strong IT capacity, such as large retailers, will develop AI models trained on their proprietary data.
• AI-driven automation of repetitive tasks will drive near-term demand for AIs, creating sector-specific niches along the AI value chain.