Artificial Intelligence
Worldwide Neuromorphic Chip Industry to 2026 – North America to Hold Major Market Share
Dublin, May 05, 2021 (GLOBE NEWSWIRE) — The “Neuromorphic Chip Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The Neuromorphic Chip Market is valued at USD 1.952 Billion in 2020, and is expecetd to reach USD 7.388 Billion in 2026, registering a CAGR of 24.51% over the forecast period 2021 – 2026. Keeping the pace of advancement of disruptive technologies, such as artificial intelligence (AI) and machine learning (ML), various embedded system providers are keen to develop brain chips, where not only the chips will be processed fast, but will have also responses like human brains for those systems to think and act in a human way.
Data analytics, the Internet of Things (IoT), and smart sensors are considered as major applications for the neuromorphic chip market, as these chips are embedded into hardware used for image recognition, data mining, etc.
Currently, neuromorphic vendors aim to design advanced system-on-chip (SoC) that provides an interface between sensors and algorithms, which eventually results in optimally converted data spikes and spiking neural networks (SNNs). A product like ‘Akida NSoC’ from BrainChip Holdings Ltd has 1.2 million neurons and 10 billion synapses.
Big chip players, including Intel Corporation, Qualcomm Incorporated, BrainChip Holdings Ltd, HRL Laboratories LLC, IBM Corporation, and many others, are developing neuromorphic chips to cut short the processing speed, through self-decision making abilities of the chips.
Apart from various mainstream players, such as Intel Corporation, Samsung, and SK Hynix, among others, several well-established and noted start-ups, such as BrainChip Holdings Ltd, General Vision, and Vicarious, among others, are also developing neuromorphic chips to cut short the processing speed through decision-making abilities by the chips.
The neuromorphic vendors currently aim to design an advanced system-on-chips (SoC) that provide an interface between sensors and algorithms, which would eventually result in optimally converted data spikes and spiking neural networks (SNNs). Like ‘Akida NSoC’ from BrainChip Holdings Ltd, the Product consists of 1.2 million neurons and 10 billion synapses.
Neuromorphic chips are likely to have a significant impact on edge devices and IoT systems that must integrate dynamic and changing information that doesn’t necessarily run on a single algorithm all while conserving energy.
COVID-19 hasn’t deterred companies from their research progress as multiple companies have estimated that commercially available neuromorphic chip technology will take off within the next three to five years.
Key Market Trends
Automotive is the Fastest Growing Industry to Adapt Neuromorphic Chip
- The automotive industry is one of the fastest-growing industries for neuromorphic chips. All the premium car manufacturers are investing heavily to achieve L5 of autonomous technology; which, in turn, is anticipated to generate huge demand for AI-powered neuromorphic chips.
- Due to the complexity of roadway data integration, cars’ automated systems need more AI than aircraft. According to the Victoria Transport Policy Institute, by 2030, 20-40% of the automated vehicles will be available in the moderate-to-premium price category, which indicates that more volume of integrated neuromorphic chips is likely to be sold by the AI chip manufacturers.
- The neuromorphic chip manufacturers are focusing on advanced driver assisted system (ADAS) and autonomous vehicle (AV) applications to enhance their market reach. Recently, in October 2017, BrainChip Holdings Ltd supplied neuromorphic chip to one of the top automobile companies in Germany, to test its ADAS capability.
- Intel’s Loihi neuromorphic chip has 128 cores and 130,000 neurons. It’s capable of crunching AI algorithms up to 1,000 faster and 10,000 times more efficiently than regular CPUs for use with autonomous driving, electronic robot skin, prosthetic limbs and more.
North American is Expected to Hold Major Share over the Forecast Period
- North America is currently one of the major market shareholders for neuromorphic chips with the presence of top vendors in the United States. The latest technological breakthroughs have assisted in the advancement of new x-ray tubes, which can make the overall process more efficient and significantly improve accuracy in various applications.
- There have been a series of new product launches, mergers, and acquisitions in North America to take advantage of this opportunity. The major driver behind the investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, the North American region is likely to hold the major share of the market over the forecast period.
- The United States Air Force Research Lab (AFRL) in Rome, N.Y. is working to develop neuromorphic computing for possible fielding on a drone in the next five years. AFRL is looking to use artificial intelligence (AI) and machine learning (ML) to boost processing power and give military operators analytical results, not raw data, to speed wartime decision making..
- On July 19, 2020, AFRL and IBM officially unveiled Blue Raven, which was called “the world’s largest neuromorphic digital synaptic supercomputer” by AFRL. In the present scenario, challenges exist in the mobile and autonomous realms due to the limiting factors of power, weight, and size of computing devices commonly referred to as SWaP. The experimental Blue Raven, with its end-to-end IBM TrueNorth ecosystem, is expected to aim to improve on the state-of-the-art by delivering the equivalent of 64 million neurons and 16 billion synapses of processing power while only consuming 40 watts – equivalent to a household light bulb.
- February 2019, MIT researchers of the neuromorphic computing field designed a neuromorphic chip that works like the human brain. It consisting of artificial synapses made from silicon germanium, each synapse measuring about 25 nanometers across. In July 2019, the University of Michigan researchers configured memristors on a chip to enhance performance and lower energy consumption.
Competitive Landscape
As the market for neuromorphic chips is very niche and in the initial phase of development, the market has a presence of a few players, such as BrainChip Holdings Ltd, Intel Corporation, Qualcomm Technologies Inc., etc. In this consolidated market scenario, top players are growing intensely through various market development strategies, such as collaboration, market expansion, product innovation, and R&D activities. Some of the current strategies adopted by these players are:
- July 2020 : A team of researchers at the National University of Singapore (NUS) developed an electronic skin system that could give robots and prosthetic devices a sense of touch in the future. Dubbed Asynchronous Coded Electronic Skin (Aces), the “e-skin” system comprises an artificial nervous system that analyses data transmitted from a network of independent sensors using the Intel Loihi neuromorphic chip. According to NUS, Acres can differentiate physical contact between different sensors in less than 60 nanoseconds – the fastest ever achieved for an electronic skin technology – even with large numbers of sensors.
- July 2019 : Intel launched Pohoiki Beach, an eight million-neuron neuromorphic system comprising 64 Loihi chips. Intel designed Pohoiki Beach to facilitate research being performed by its researchers and those in partners such as IBM and HP and academic researchers at MIT, Purdue, Stanford, and elsewhere.
- July 2019 : Intel launched an eight million-neuron neuromorphic system, comprising 64 Loihi research chips called Pohoiki Beach. This system has the potential benefits of a specialized architecture for emerging applications, like the internet of things (IoT) and autonomous devices, to support the computational problems. This development has opened opportunities required for Intel Labs to scale the architecture to 100 million neurons.
- March 2019 : Qualcomm launched a new system-on-chip (SoC) integrated with AI to enhance smart audio and IoT applications. This AI-enabled SoC is expected to provide seamless voice assistance and other connectivity applications through power-optimized chip architecture. This new product innovation is anticipated to augment the growth of the neuromorphic chip market in the coming years.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Key Topics Covered:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Emerging Use Cases for Neuromorphic Chips (Algorithmic Research, Pattern Classification, Cognitive Tasks for Intelligent Cognitive Assistants, and Neuroscience Research)
5 MARKET DYNAMICS
6 Market Drivers
6.1 Growing Demand for Artificial Intelligence-based Microchips
6.2 Emerging Trend of Combining the Concept of Neuroplasticity with Electronics
7 Market Restraints
7.1 Need for Significant Initial Investment
7.2 Need for High Levels of Precision and Complexity in Hardware Design
8 MARKET SEGMENTATION
8.1 End User Industry
8.1.1 Financial Services and Cybersecurity
8.1.2 Automotive (ADAS/Autonomous Vehicles)
8.1.3 Industrial (IoT Ecosystem, Surveillance, and Robotics)
8.1.4 Consumer Electronics
8.1.5 Other End-user Industries (Medical, Space, Defense, etc.)
8.2 Geography
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Rest of the World
9 COMPETITIVE LANDSCAPE
9.1 Company Profiles
9.1.1 Intel Corporation
9.1.2 SK Hynix
9.1.3 IBM Corporation
9.1.4 Samsung Electronics Co. Ltd. (Samsung Advanced Institute of Technology)
9.1.5 GrAI Matter Labs
9.1.6 Nepes Corporation
9.1.7 General Vision Inc.
9.1.8 Gyrfalcon Technology Inc.
9.1.9 BrainChip Holdings Ltd
9.1.10 Vicarious FPC Inc.
9.1.11 aiCTX AG
10 INVESTMENT ANALYSIS
11 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/5xywy7
Artificial Intelligence
Metabolon Now Includes Spectral Data Files for All Global Discovery Panel Projects
MORRISVILLE, N.C., May 28, 2024 /PRNewswire/ — Metabolon, Inc., the global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications, today announced the availability of spectral data files as an option for Global Discovery Panel projects, providing clients with an enhanced level of detail and transparency in metabolomics analysis. The addition of spectral data further complements Metabolon’s robust suite of metabolomics offerings, including the largest Level 1 library of metabolites, an advanced bioinformatics platform, and expert scientific support.
Spectral data is the initial data generated during a mass spectrometry (MS)- based metabolomic analysis. Spectral data contains a wealth of information about the metabolites present in a sample, including their chemical structure, concentration, and interactions with other molecules. Metabolon facilitates further exploration of the dark metabolome and validation of findings by offering spectral data files as an option with Global Discovery Panel projects. These data should enable the discovery of unique metabolites and biomarkers.
“The availability of spectral data enhancement not only provides clients with a more comprehensive view of their metabolomics data but also reinforces our commitment to transparency and delivering unparalleled value to our clients,” said Ro Hastie, CEO at Metabolon.
This significant update underscores Metabolon’s commitment to providing comprehensive and actionable insights to empower scientific discoveries and drive advancements in healthcare and multiomics research. Visit https://www.metabolon.com/ to learn more about how Metabolon deciphers thousands of discrete chemical signals to discover biomarkers and reveal biological pathways.
About Metabolon Metabolon, Inc. is the global leader in metabolomics, with a mission to deliver biochemical data and insights that expand and accelerate the impact of life sciences research and complement other ‘omics’ technologies. With more than 20 years, 10,000+ projects, 3,000+ publications, and ISO 9001:2015, CLIA, and CAP certifications, Metabolon has developed industry-leading scientific, technology, and bioinformatics techniques. Metabolon’s Global Discovery Panel is enabled by the world’s largest proprietary metabolomics reference library. Metabolon’s industry-leading data and translational science expertise help customers and partners address some of the most challenging and pressing questions in the life sciences, accelerating research and enhancing development success. The company offers scalable, customizable multiomics solutions, including metabolomics and lipidomics supporting customer needs from discovery through clinical trials and product life-cycle management. For more information, please visit www.metabolon.com and follow us on LinkedIn and Twitter.
About MetabolomicsMetabolomics, the large-scale study of all small molecules in a biological system, is the only ‘omics technology that provides a complete current-state functional readout of a biological system. Metabolomics helps researchers see beyond the genetic variation of individuals, capturing the combined impact of genetic as well as external factors such as the effect of drugs, diet, lifestyle, and the microbiome on human health. By measuring thousands of discrete chemical signals that form biological pathways in the body, metabolomics can reveal important biomarkers enabling a better understanding of a drug’s mechanism of action, pharmacodynamics, and safety profile, as well as individual responses to therapy.
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Artificial Intelligence
Caseware Introduces AiDA: The AI-Powered Digital Assistant Changing the Face of Accounting and Audit
TORONTO, May 28, 2024 /PRNewswire/ — Caseware International, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, is delighted to announce the pre-launch availability of Caseware AiDA, its Artificial Intelligence digital assistant. As the latest enhancement to the industry-leading Caseware Cloud platform, AiDA complements Caseware’s comprehensive suite of solutions created with accounting, audit and finance professionals in mind.
AiDA is designed to enhance efficiency, ensure compliance and provide precise, context-aware responses to profession-specific enquiries enabling accounting, audit and finance experts to work more efficiently, collaborate with greater effectiveness and gain deeper insights.
Whether providing timely responses to methodology or compliance questions, supporting the processing and analysis of audit evidence, or assisting with the production of key audit workpapers and deliverables, AiDA empowers professional users to achieve more with less effort. This will, in turn, drive practice growth and power the financial success of clients.
David Osborne, Chief Executive Officer at Caseware International remarked, “Caseware AiDA is the future. Our vision is to place powerful tools in the hands of our clients, enabling them to do their work better than they have ever done before. This release is just the beginning of a wave of innovation in AI and it demonstrates the focus we have on our accelerated roadmap to build out our offering on the Caseware Cloud platform. Caseware AiDA offers powerful digital assistance to accountants and is further proof of the ways in which Caseware is underpinning the relevance of the profession.”
Some of the benefits to be gained from Caseware AiDA include:
Enhanced workflow efficiency with precision and relevance – whether summarizing lengthy PDFs or providing informed answers about your documentation in the moment, AiDA helps you work smarter, not harder.Reassurance around security and compliance – with AiDA, no prompts are stored or fed back into the model. Users can trust AiDA to maintain the highest data security and compliance standards that Caseware has always delivered for the profession.Assistance with routine tasks – AiDA assists with mundane tasks, enabling professionals to focus on strategic decision-making.Focus on quality output – AiDA delivers a safe and fit-for-purpose resource which ensures efficient workflows for clients.Feedback on AiDA has underscored the demand for tailored, secure AI solutions in professional environments. Danielle Supkis Cheek, VP, Head of Analytics and AI at Caseware International commented, “We recently showcased AiDA to a number of clients beyond our beta phase community at Caseware’s 2024 North American User Group. The response was phenomenal and, in line with our roadmap, we’re excited to continue to enhance AiDA based on user feedback and technological advancements.”
Currently available to Caseware Cloud customers in the United States for early access, AiDA will ultimately be available across the globe and, specifically, in Australia, Canada and Europe later this year. Soon, AiDA will be a core component of all cloud-enabled solutions, across all regions. AiDA’s capabilities are constantly evolving, including better context awareness in document interactions and more extensive support for multilingual queries. AiDA is set to transform how professionals in the accounting and audit fields manage their tasks, offering unparalleled support and efficiency.
Caseware AiDA (pronounced AY-duh) draws inspiration from Ada Lovelace, whose impact on scientific computing continues to influence generations of technologists and mathematicians around the world.
Caseware encourages users to explore AiDA’s features and experience the future of digital assistance. To see AiDA in action, join us at ENGAGE at the ARIA Resort & Casino from June 3-6 or sign up to hear more from Danielle Supkis Cheek at the Streamlining Audits with AI: Efficiency and Quality Gains webinar taking place at 11:00 AM ET on July, 18.
About Caseware InternationalCaseware is the leading global provider of desktop and cloud-enabled solutions for audit, assurance, financial reporting and data analytics for accounting firms, corporations, and government regulators. Caseware’s innovative tools and platforms help more than half a million customers in 130 countries work smarter, dig deeper and see further as they transform insights into impact. For more information, visit www.caseware.com.
Notes to editorsIn the event of media enquiries, please contact:Jill QuinnDirector of Corporate CommunicationsCaseware [email protected]
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Artificial Intelligence
LONGi announces the “Lighthouse Project” to expand the agile intelligent manufacturing to more of its own production bases across the globe
JIAXING, China, May 28, 2024 /PRNewswire/ — On May 23rd, LONGi Green Energy Technology Co., Ltd. (hereinafter referred to as “LONGi “), a global leader in solar technology, officially announced the “Lighthouse Project”, which will continue to rapidly expand the agile intelligent manufacturing model of LONGi’s Jiaxing Lighthouse Factory to more production and manufacturing bases, achieving a comprehensive upgrade of production intelligent manufacturing capabilities. This sets a digitalization benchmark for high-quality development in the PV industry and leads the way forward.
The first “Lighthouse Factory” in the global PV industry – LONGi’s Jiaxing Production Base, lifted the mysterious veil for the public. An experience group composed of industry experts, customer representatives, and media journalists became the first visitors to LONGi’s Jiaxing Lighthouse Factory, immersing themselves in the production line and experiencing the charm of “Lighthouse Factory” intelligent manufacturing.
Established in 2020, LONGi’s Jiaxing Production Base mainly produces LONGi’s BC (Back-Contact) series of high-efficiency solar modules. It has Phase I, II, and III factories, covering a total area of more than 1,300 acres, with 51 intelligent production lines and an overall module production capacity exceeding 35GW, making it one of the largest industrial clusters in the industry.
On December 14, 2023, the World Economic Forum (WEF) released a new batch of “Lighthouse Network” lists, and LONGi’s Jiaxing Production Base was the only factory in the global PV industry to be included. This signifies that LONGi’s achievements in intelligent manufacturing and digitalization are leading globally, becoming a representative of advanced manufacturing, and the first global “Lighthouse Factory” in the PV industry has attracted much attention.
During this close-up experience at LONGi’s Jiaxing Lighthouse Factory, all members of the experience group expressed their shock and unprecedentedly felt the disruptive upgrade of AI intelligence to traditional industry. The innovation of LONGi’s Jiaxing Lighthouse Factory is not only in the transformation of production line automation and intelligence but also in the reconstruction of production relations. AI intelligence has become the brain of production management, continuously innovating autonomously based on big data models, achieving a truly meaningful intelligent manufacturing upgrade and self-driving force, and safeguarding quality and efficiency.
LONGi’s Jiaxing Lighthouse Factory has built over 30 digital use cases, achieving a 43% increase in product quality reliability, an 84% reduction in product production and delivery cycle, and a 20% reduction in overall unit energy consumption at the base, becoming a model of high-quality development in the photovoltaic industry.
The most core aspect of LONGi’s Jiaxing Lighthouse Factory is the five major coolest technologies. AI intelligent distribution of solar cells realizes precise delivery of customer needs, ensuring efficient production by intelligently optimizing daily production plans. More flexible automation in production ensures the standardization of each link in the module production process, fully meeting the customized scene requirements of customers. AI quality inspection throughout the entire life cycle of product production leaves no place for quality hazards, ensuring the quality of the product is as solid as a rock. The end-to-end delivery system has reconstructed the intelligent management of order production and delivery cycles, achieving rapid and high-quality satisfaction of customer product needs. Intelligent human resource management has greatly improved production efficiency while enhancing the innovation of employees, transforming each excellent skill and experience into data, continuously optimizing skills and management autonomously, ensuring the optimal arrangement of order demands and human resources, and effectively guaranteeing high-quality product output.
The combination of artificial intelligence, big data, cloud platforms, and industrial muscles is the four elements that make LONGi’s Jiaxing Lighthouse Factory successful, and also the core of LONGi’s intelligent manufacturing. LONGi’s BC (Back-Contact) full-scene products have also reached a new level under the support of LONGi’s intelligent manufacturing. The reason why TaiRay silicon wafers, HPBC2.0, Hi-MO 9, Hi-MO X6 Max, and other major products have concentrated on explosions this year is due to LONGi’s intelligent manufacturing’s absolute satisfaction in understanding customer needs.
LONGi’s Vice President Zhang Haimeng said in his keynote speech: Since the official announcement of BC (Back-Contact) technology last September, LONGi has released multiple new scene-based module products. Whether it is anti-dust accumulation or heat and humidity resistance, the core purpose is to meet the customized needs of customers through differentiated innovation. All of this is inseparable from the confidence in production strength brought by LONGi’s intelligent manufacturing, and it is also the strong support of LONGi’s intelligent manufacturing that has truly implemented “customer-centric.”
During the panel session of the day, Hu Zhifeng, Head of Intelligent Manufacturing Department, Module Manufacturing Center of LONGi, revealed that the newly launched Hi-MO X6 Max modules will be officially put into production at LONGi’s Jiaxing Lighthouse Factory in the near future. With the help of digital and intelligent means, product quality is improved, and energy consumption is reduced. “Use the most advanced production technology to achieve the highest level of technical products and create higher value for customers.”
LONGi has always adhered to the core value of customer value, providing customers with high-value and reliable products as its own responsibility, continuously exploring new paths for the clean energy industry, from efficiency research and development to product and solution scenario, from traditional manufacturing to intelligent manufacturing driven by digitalization, step by step towards a green energy world, leading the global energy transition with LONGi’s intelligent manufacturing.
About LONGi
Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.
Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com
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