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Generative AI Market to Grow at CAGR of 36.10% through 2032

The global Generative AI market is expected to grow from USD 11.77 billion in 2023 to USD 256.72 billion by 2033, at a CAGR of 36.10% during the forecast period 2024-2033. The North American region dominated the market in 2023. Utilizing unsupervised learning algorithms, generative AI enhances spam detection and optimizes image compression by pre-processing data stages, which include eliminating visual noise to enhance picture quality. Additionally, supervised learning is a useful tool for medical imaging and categorizing images. This technology's applications can be found in BFSI, healthcare, automotive & transportation, IT & telecommunications, and media & entertainment industries. Impressively versatile in its uses, generative AI presents an ingenious solution for innovation creation and problem-solving with limitless potential. Annasa123 (talk) 04:27, 16 July 2024 (UTC)