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Global Generative AI Market Size Value Cap Expected to Grow USD 200.73 Billion By 2032, at 34.2% CAGR: Polaris Market Research

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New York, NY, Jan. 20, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Generative AI Market Share, Size, Trends, Industry Analysis Report, By Component (Software and Services); By Technology; By End-Use; By Region; Segment Forecast, 2023 – 2032” in its research database.

“According to the latest research study, the global Generative AI Market size & share are expected to generate revenue of USD 200.73 Billion By 2032 and are estimated to be valued at USD 10.63 Billion in 2022, at a compound annual growth rate (CAGR) of 34.2% from 2023 to 2032”

What is Generative AI? What is the total addressable market size & share for Generative AI?

In recent times, generative AI seems to come out as an effective platform everywhere in the mainstream. With the announcement of ChatGPT and the popularity of text-to-image tools, and avatars on social media feeds, generative AI has been creating a series of opportunities for businesses and individuals as well. This software embraces Machine learning and Artificial Intelligence algorithms, which enables computers to produce text, images, audio, and video.

Generative AI pinpoints applications in various sectors, including Healthcare, In GPS, Film Business, and Search Engine services. However, the software also tends to grow with diverse applications across other industries. The generative AI market size is expected to be driven by the increasing use of generative AI for spam detection, image compression, preprocessing data, and noise reduction from visual data. The rising demand for streamlining workflow across industries is further boosting the demand for generative AI applications among industries.

Request Sample Copy of Generative AI Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/generative-ai-market/request-for-sample

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Our Sample Report May Includes:

  • 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
  • 115+ Pages Research Report (Inclusion of Updated Research).
  • Provide Chapter-wise guidance on Requests.
  • 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of tables & figures.
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Key Highlights of the Report

  • Market size (value & volume) by company, key regions/countries, products and applications, history data, and forecast
  • The value and volume of submarkets, with respect to key regions
  • Data on significant drivers, restraints, and opportunities
  • Market segment analysis by types, applications, and regions
  • Value chain analysis with price analysis and forecast
  • Current market trends, application solutions, and market landscapes may be useful to organizations in the industry.

Some of the Top Market Players Are:

  • Amazon Web Services.
  • Microsoft Corporation
  • Genie AI Ltd.
  • Synthesia
  • MOSTLY AI
  • Google LLC
  • Rephrase.ai
  • Adobe
  • Meta
  • Oracle Corporation
  • Alibaba Cloud
  • Baidu
  • Hewlett Packard Enterprise Development
  • Samsung Electronics
  • Intel Corporation
  • Siemens
  • Salesforce
  • NVIDIA
  • SAP SE
  • SAS Institute

For Additional Information on Key Players, Download a PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/generative-ai-market/request-for-sample

Market Dynamics:

Key Growth Driving Factors

  • Various applications of generative AI across industries to drive the market growth

With generative AI, businesses and organizations can be able to automate complex and manual processes. As a result, they could add value to their business and enhance their productivity along with the new generative pattern and unsupervised machine learning. These benefits offered by generative AI are anticipated to positively influence generative AI market demand. The rising prevalence of audio synthesis through generative AI to convert computer-generated voice into one that sounds like a human-generated voice is one of the key factors accelerating the generative AI industry growth over the forecast period.

Moreover, the growing application of generative AI in healthcare, from creating prosthetic limbs to organic molecules, is projected to propel the demand for generative in the coming years. Also, increasing awareness about the early detection of cancers and effective treatment plans is likely to bolster the growth of the generative AI market over the foreseen period.

Directly Purchase a copy of the report with TOC @ https://www.polarismarketresearch.com/checkouts/19771

Recent Trends Influencing the Market

Development of AI governance framework and increasing R&D activities to flourish the market growth

  • The introduction of various guidelines and the AI governance framework for forming ethical AI is estimated to flourish the market growth. Global key AI service/solution providers, administrative authorities, and governments are taking initiatives to tackle ethical problems around AI and ML technologies.
  • Leading companies such as U.S.-based Microsoft and Apple Inc. are increasingly investing in Research & Development activities to make use of generative AI in their products. For instance, in May 2020, World Wide Technology, a technology service provider, announced an initiative that focused on artificial intelligence and machine learning.

Segmental Analysis

  • Services segment is likely to generate the fastest growth

Based on the component generative AI market segmentation, the services segment is anticipated to grow at the fastest rate over the forecast period owing to the increasing issues related to data protection, risk factor modeling, trading prediction, and fraud detection. Also, the problems like data losses and security breaches have increased in the last few years among sectors like healthcare and BFSI. Due to such concerns, market players are focusing on developing and improving services to tackle these issues, which is expected to propel the segment growth.

  • Transformers segment accounted for the major revenue share

By technology, the transformers category dominated the market in 2022 and is anticipated to maintain its influence over the estimated period. This growth can be attributed to the increased adoption of a range of transformer applications like text-to-image coupled with the growing demand for natural language processing. In addition, rising awareness about the advantages of transformer solutions among users positively favors the segment growth in the market.

Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/generative-ai-market/inquire-before-buying

(Inquire about a report quote OR available discount offers to the sales team before purchase.)

Generative AI Market Report Scope & Trends

Report Attribute Details
Revenue forecast in 2032 USD 200.73 Billion
Market size value in 2023 USD 14.26 Billion
Expected CAGR Growth 34.2% from 2023 – 2032
Base Year 2022
Forecast Year 2023 – 2032
Top Market Players Amazon Web Services Inc., Microsoft Corporation, Genie AI Ltd., Synthesia, MOSTLY AI Inc., Google LLC, Rephrase.ai, Adobe, Meta, Oracle Corporation, Alibaba Cloud, Baidu Inc., Hewlett Packard Enterprise Development, Samsung Electronics, Intel Corporation, Siemens, Salesforce, NVIDIA, SAP SE, and SAS Institute.
Segments Covered By Component, By Technology, By End-Use, By Region
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

North America region witnessed the largest generative AI market share in 2022

On the basis of geography, North America held the greatest revenue share in 2022 and is predicted to show significant growth throughout the projected period. The crucial factors supporting the market growth include the increasing number of several banking frauds and the acceptance of pseudo-imagination & medical care. In addition, growing need for the modernization of workflow across diverse sectors.

Moreover, the generative AI market in the Asia Pacific is estimated to register the fastest CAGR during the foreseen period owing to a surge in favorable initiatives by the government to encourage the adoption and integration of artificial intelligence in a number of applications, particularly in emerging countries like India, China, and South Korea. Further, the regional market is gaining traction because major companies are making efforts to incorporate generative AI in their products.

Browse the Detail Report “Generative AI Market Share, Size, Trends, Industry Analysis Report, By Component (Software and Services); By Technology; By End-Use; By Region; Segment Forecast, 2023 – 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/generative-ai-market      

For Additional Information OR Media Enquiry, Please Mail At: [email protected]

Recent Developments

  • In November 2022, Charli AI introduced Anacaeus, a new AI generative platform for the enterprise. The latest AI platform has been invented to discover, understand, and use facts from millions of pieces of content for generating insights, presentations, spreadsheets, and natural language reports across an enterprise.

Some of The Important Questions Answered in the Market:

  • Which region offers the most rewarding open doors for the market?
  • What are the business threats and variable scenarios concerning the market?
  • Who are the significant players confronting and developing in the market?
  • What is the projected size of the market?
  • What are the opportunities and threats to which players are exposed in the market?

Polaris Market Research has segmented the generative AI market report based on component, technology, end-user, and region:

By Component Outlook

  • Software
  • Services

By Technology Outlook

  • Generative Adversarial Networks
  • Transformers
  • Variational Auto-encoders
  • Diffusion Networks

By End-Use Outlook

  • Media & Entertainment
  • BFSI
  • IT & Telecommunication
  • Healthcare
  • Automotive & Transportation
  • Others

By Region Outlook

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Browse More Similar Reports:

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

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Artificial Intelligence

Cisco Doubles Down on Network Assurance with AWS

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News Summary: 
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.

With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey. 
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
Availability
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Intelligence

Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research

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The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.

Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players. 
Download Sample Pages: https://www.alliedmarketresearch.com/request-sample/13364
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$227.8 Million
Market Size in 2032
$1.4 Billion
CAGR
19.9 %
No. of Pages in Report
450
Segments covered
Component, Deployment Mode, Enterprise Size Industry, and Region.
Drivers
Growing demand for AI-based solutions
The rising need for intelligent business processes
Opportunities
Advancements in big data analytics.
The availability of high-performance computing systems.
Restraints
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
Buy this Complete Report (450 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/artificial-neural-network-market/purchase-options
The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment. 
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue.  The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/13364
Competition Analysis:
Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int’l: +1-503-894-6022Toll Free: +1-800-792-5285UK: +44-845-528-1300India (Pune): +91-20-66346060Fax: [email protected]
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Artificial Intelligence

New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers

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WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.

Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
About IDBS
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at idbs.com.
MEDIA ENQUIRIES e |  [email protected] 
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