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- 1 The United States National Science Foundation has partnered with an AI leader to launch the National Artificial Intelligence Research Resource pilot program.
- 2 The program’s launch will widen access to the tools to power responsible AI discovery and innovations.
- 3 As per data sources, the market size in artificial intelligence is projected to reach $305.90 billion in 2024.
The United States has always shown keen interest in the nation’s technological advancement; most recently, the National Science Foundation of the U.S. has begun a National Artificial Intelligence Research Resource pilot program with significant backing from the AI market leader Nvidia.
The program’s launch will widen access to the tools to power responsible AI discovery and innovations. The information about the deal came into the limelight on January 24, 2024. The agreement involves ten other federal agencies and other private and nonprofit organizations.
The Director of the National Science Foundation in the United States, Sethuaman Panchanathan, said, “The breadth of partners that have come together for this pilot underscores the urgency of developing a National AI Research Resource for the future of AI in America,” he added. “By investing in AI research through the NAIRR pilot, the United States unleashes discovery and impact and bolsters its global competitiveness.”
In the past few quarters, Nvidia has signed dozens of deals in the AI industry globally and remains one of the biggest manufacturers of AI chips, followed by others.
The global AI market has achieved significant milestones in the past few months, and the introduction of ChatGPT in the market has revolutionized this technological industry.
The director of the Office of Advanced Cyberinfrastructure at the NSF, Katie Antypas, noted, “The NAIRR is a vision of a national research infrastructure that will provide access to computing, data, models, and software to empower researchers and communities.”
Katie added, “Our primary goals for the NAIRR pilot are to support fundamental AI research and domain-specific research applying AI, reach broader communities, particularly those currently unable to participate in the AI innovation ecosystem, and refine the design for the future full NAIRR.”
Global AI Market Size & Experts Statements
Jensen Huang, the well-known technology enthusiast and founder and CEO of NVIDIA, says, “AI is increasingly defining our era, and its potential can best be fulfilled with broad access to its transformative capabilities.”
As per data source, the market size in Artificial intelligence is projected to reach $305.90 Billion in 2024 and is expected to show an annual growth rate of 15.83%, resulting in a market volume of $738.80 Billion by the end of 2023.
Nvidia, IBM, Facebook, Oracle, Baidu, Amazon, Google, Microsoft, and dozens of others are constantly developing new concepts, and in the upcoming time, the market will show significant business and fund attraction.
Almost every AI stock has shown significant growth in terms of trading price in 2023. However, some remain slow but profitable.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
