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AI Toolkit Market worth $91.6 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Oct. 27, 2023 /PRNewswire/ — The market for AI toolkits is expected to grow in tandem with the swift advancement of AI technology and its growing impact on many sectors. AI toolkits will need to change as AI is incorporated into increasingly common applications to accommodate developers’, companies’, and researchers’ changing needs.

 
The AI Toolkit Market is estimated at USD 19.5 billion in 2023 to USD 91.6 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 36.2%, according to a new report by MarketsandMarkets™. The adoption of AI toolkits for the development of chatbots and virtual assistants in customer service represents a pivotal driver in the growth of the AI Toolkit Market. This trend has gained substantial traction, primarily due to its ability to profoundly enhance the customer experience while concurrently reducing operational service costs. Chatbots, powered by AI toolkits, offer instantaneous responses to customer queries, ensuring 24/7 availability, and swift issue resolution. This not only augments customer satisfaction by providing quick and efficient support but also leads to cost savings by reducing the need for large customer service teams. Furthermore, AI-driven chatbots continuously learn from interactions, improving their capabilities over time. As a result, businesses are increasingly turning to AI toolkits to develop more intelligent and versatile chatbots, fueling the demand for AI toolkit solutions that can enable these customer service innovations.
Browse in-depth TOC on “AI Toolkit Market”
300 – Tables 50 – Figures250 – Pages
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Scope of the Report
Report Metrics             
Details
Market size available for years
2017-2028
Base year considered
2022
Forecast period
2023–2028
Forecast units
Value (USD) Billion
Segments covered
Offering (Hardware, Software, Services), Technology, Vertical, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Companies covered
Microsoft (US), Google (US), IBM (US), Oracle (US), Thales Group (France), Salesforce (US), Intel (US), Adobe (US), Meta Platforms (US), AWS (US), NVIDIA Corporation (US), H2O.ai (US), Alteryx (US), Altair (US), KNIME (Switzerland), DataRobot (US), Jasper (US), Rasa (US), SuperAnnotate (US), OpenAI (US), Obviously AI (US), Fiddler AI (US), Determined AI (US), Snorkel AI (US), Levity AI (Germany), Union AI (US), Attri AI (US), Regie.ai (US)
 
By Vertical, the BFSI segment is estimated to account for the largest market share in 2023.
The predictive analytics capabilities offered by AI toolkits serve as a driving force for the AI Toolkit Market within the BFSI sector. These toolkits empower financial institutions to make informed decisions by harnessing historical data and sophisticated algorithms. They can anticipate market trends, enabling proactive responses to economic shifts and customer demands. Furthermore, predictive analytics aids in understanding customer behaviors, allowing institutions to tailor services and products accordingly. This, in turn, enhances portfolio performance, optimizing investment strategies and risk management. The demand for AI toolkits in BFSI for predictive analytics continues to grow as financial institutions seek a competitive edge by making data-backed decisions and staying ahead of market dynamics.
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By offering, Service segment is expected to have fastest growth rate during the forecast period 
The integration and customization services offered within the AI Toolkit Market stand out as a major driver. By tailoring AI toolkits to suit the specific requirements and existing infrastructure of businesses, these services ensure that AI seamlessly blends into the operational landscape. This specialized approach maximizes the utility of AI systems and minimizes disruption, streamlining the path to AI adoption. The capability to harmonize AI with unique business needs and technologies becomes a compelling driver as companies increasingly recognize the transformative potential of AI and seek ways to integrate it seamlessly into their operations. As a result, the demand for customization and integration services within the AI Toolkit Market continues to surge, catalyzing further innovation and growth.
Asia Pacific to have the fastest growth rate during the forecast period
The demand for AI toolkits tailored for various languages and scripts emerges as a distinctive driver in the Asia Pacific AI Toolkit Market. The linguistic diversity across the region presents a unique challenge and opportunity. Localized AI solutions that can understand, process, and generate content in multiple languages and scripts are essential for businesses and governments looking to communicate with their diverse populations effectively. This localization ensures accurate language processing and enhances user engagement and accessibility. As a result, the need for AI toolkits capable of catering to the linguistic diversity of the Asia Pacific region drives innovation in AI development, sparking the creation of language-specific models and solutions and positioning these localized AI services as a critical driver for the AI Toolkit Market in the region.
Top Key Companies in AI Toolkit Market:
The major vendors covered in the AI Toolkit Market include Microsoft (US), Google (US), IBM (US), Oracle (US), Thales Group (France), Salesforce (US), Intel (US), Adobe (US), Meta Platforms (US), AWS (US), NVIDIA Corporation (US), H2O.ai (US), Alteryx (US), Altair (US), KNIME (Switzerland), DataRobot (US), Jasper (US), Rasa (US), SuperAnnotate (US), OpenAI (US), Obviously AI (US), Fiddler AI (US), Determined AI (US), Snorkel AI (US), Levity AI (Germany), Union AI (US), Attri AI (US), Regie.ai (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the AI Toolkit Market.
Recent Developments
In September 2023, Infosys and NVIDIA expanded their existing collaboration to develop a generative AI platform to help enterprises increase productivity. The partnership offers a scalable platform using NVIDIA technology to enhance Infosys’ Responsible AI Toolkit.In August 2023, IBM and Salesforce collaborated to assist businesses across various sectors in expediting their integration of AI into Customer Relationship Management. This collaboration empowers organizations to transform customer, partner, and employee interactions while ensuring the security of their data.In July 2023, Microsoft and Meta partnered to support Large Language Models on Azure and Windows.Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=252755052
AI Toolkit Market Advantages:
The use of pre-built modules and libraries from AI toolkits eliminates the need to construct anything from scratch. This quickens the development process and frees up developers to concentrate on the distinctive features of their AI apps.The most recent machine learning models and algorithms are included in a lot of AI toolkits, so developers may take use of state-of-the-art science and technology without having to start from scratch.Large and vibrant communities of developers, researchers, and users frequently surround well-known AI toolkits, offering assistance, exchanging best practises, and advancing the tool’s continuous growth. This encourages cooperation and information exchange.It is simpler to implement AI solutions across a variety of hardware and software environments since AI toolkits are frequently made to function on several platforms.Scalability is a key consideration in the design of many AI toolkits, enabling programmers to train and use models at a modest scale before scaling up to handle greater datasets and workloads as needed.AI toolkits are frequently a component of bigger ecosystems that include contain tools for data manipulation, visualisation, and deployment. As a result, developing complete AI solutions is made simpler.AI toolkits facilitate diverse machine learning techniques, ranging from deep learning to conventional statistical methods, enabling developers to select the most appropriate solution for a given task.AI toolkits make it simpler to incorporate AI into current systems since they are frequently interoperable with databases, cloud services, and well-known programming languages.AI toolkits’ profiling and debugging capabilities aid developers in finding and fixing problems with their AI models, enhancing the effectiveness and calibre of their solutions.Report Objectives
To determine and forecast the global AI Toolkit Market by offering (hardware, software, services), application, vertical, and region from 2023 to 2038, and analyze the various macroeconomic and microeconomic factors affecting market growth.To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the AI Toolkit Market.To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall AI Toolkit Market.To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the AI Toolkit Market.To profile the key market players; provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.Track and analyze competitive developments in the market, such as mergers and acquisitions, product developments, partnerships and collaborations, and research and development (R&D) activities.Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting
Related Reports:
Insurance Platform Market- Global Forecast to 2028
NLP Market- Global Forecast to 2028
Generative AI Market – Global Forecast to 2030
Customer Data Platform Market- Global Forecast to 2027
Cognitive Computing Market- Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/ai-toolkit-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/ai-toolkit.asp
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atNorth Wins ‘Colocation Provider of the Year’ and ‘Digital Infrastructure Project of the Year’ at Industry Award Events

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AtNorth recognized at the Electrical Review & Data Centre Review Awards and the Tech Capital Awards.
REYKJAVÍK, Iceland, May 24, 2024 /PRNewswire/ — atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider has today announced further acknowledgement in the industry as it wins two significant awards.

The business has been awarded the `Colocation Provider of the Year’ award at the Electrical Review & Data Centre Review Awards. atNorth has undertaken a significant expansion strategy in recent years, that has ensured that the business can offer high performance infrastructure at speed and scale. This award reflects the business’ growth journey as it continues to innovate and adapt to technological advancements and client requirements.
atNorth has also won the `Digital Infrastructure Project of the Year’ at the Tech Capital Awards for its work with client, Shearwater Geoservices.  The global marine imaging and processing leader achieved a 92% reduction in CO2 output and an 85% reduction in cost by moving a portion of its UK HPC infrastructure to one of atNorth’s Icelandic data center sites.
Fueled by the abundant renewable power sources of the Nordics, atNorth`s services deliver performance and efficiency for high density workloads in a sustainable way that enables clients to decarbonize their IT footprint and reduce overall costs.
Winners are voted for by a panel of industry experts for both awarding bodies in a process that aims to recognize the outstanding achievements within the digital infrastructure industry.
“We are thrilled to receive these acknowledgments for our data center services”, says Eyjólfur Magnús Kristinsson, CEO at atNorth. “atNorth has experienced significant growth over the last couple of years and this industry recognition is a testament to our dedication to delivering excellence across the board. We are determined to continue decarbonizing the world’s most demanding workloads in an efficient, sustainable, and cost-effective way.”
The news follows atNorth’s announcements of colocation clients Crusoe, BNP Paribas and Advania. The business has also received recent recognition from multiple other awarding bodies including; the Datacloud Global Awards, the Energy Awards, TechRound’s Sustainability60 and the UK Green Business Awards.  
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High-Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high-performance workloads. 
With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland and in Denmark in Q4 2024, as well as its tenth site ready for operation in Kouvola, Finland in 2025.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook.
Press Contact:Caroline BruntonKite Hill PR for atNorth+44 (0) 7796 274 [email protected]
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/atnorth/r/atnorth-wins–colocation-provider-of-the-year–and–digital-infrastructure-project-of-the-year–at-i,c3987735
The following files are available for download:
https://mb.cision.com/Main/18907/3987735/2820097.pdf
Release
https://news.cision.com/atnorth/i/awards,c3303761
Awards
https://news.cision.com/atnorth/i/ice03-02227-front-left-close,c3303762
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Titans of Tech: GP Bullhound releases its annual report on the European tech ecosystem

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LONDON, May 24, 2024 /PRNewswire/ — Titans of Tech:  Unrivalled era of A.I. led innovation for European Tech –  No more excuses. GP Bullhound is proud to announce the release of its Titans of Tech 2024 report. For the tenth year in a row, GP Bullhound has released its annual Titans of Tech report, highlighting and analysing the growth trends in Europe’s tech ecosystem. This comprehensive analysis underscores the resilience and growth of Europe’s tech sector, setting the stage for a new era of innovation and investment.

Key takeaways from our report include:
The funding frenzy is over, but the new normal is very healthy: Funding levels have normalised, averaging €15Bn per quarter over the last year, which is ~50% higher than 2019.The value of the ecosystem is growing despite the failures: 14 new unicorns were created in the last 12 months. Europe and Israel now have 323 unicorns, up from 311 a year ago and 283 the year before. The ecosystem’s total valuation has grown to $1.2Tr, an ~11x increase in billion-dollar companies and a ~14x increase in aggregate valuation since our first report in 2014.Megarounds are fewer but larger and still accessible: Access to capital rounds exceeding $50 million has tightened, but investors remain interested in supporting innovators. The deal count dropped 68% over the last two years due to a focus on profitability and conservative planning. Only 17% of European unicorns raised capital in 2023, as 93% had already raised funds during the 2021-2022 bull market.Software innovation continues, shaping the way we live and work: Despite funding challenges, technological developments, especially in artificial intelligence, continue to drive automation and cost savings. European AI companies received over €11Bn in funding in the last year, with 36% of new unicorns being AI/ML businesses.Category leaders and geographies: This year, the UK and France lead the startup arena with three unicorns each. The UK’s unicorns are valued at $3.4Bn, with significant contributions from AI leaders Synthesia and Builder.ai. France’s trio reaches a collective valuation of $7Bn, highlighted by innovators like Mistral AI. Germany, Israel, and the Netherlands each added two unicorns, while Sweden and Italy added one unicorn each.Europe’s most promising startups: GP Bullhound has analysed more than 100 European startups for scale, velocity, and sentiment, and ranked the top 50 companies with the most potential to become one-billion-dollar companies. The top 10 include Agicap, Brevo, Typeform, Homa, AMBOSS, Akeneo, Form3, Flo Health, Aidoc, and ConnexOne.Manish Madhvani, Managing Partner at GP Bullhound, said: “After ten years of issuing our Titans of Tech report, we have witnessed the highs and lows of the European tech ecosystem. A year ago, the situation was less encouraging for the fundraising environment, with macro uncertainty and with businesses more focused on layoffs than on growth and innovation.
Today, against the backdrop of negative headlines, we have cemented the building blocks for the next wave of innovation. Funding levels have stabilised, and are amazingly 50% higher than pre bull market levels. With Europe’s maturing base of engineering talent and the world’s fascination in its potential productivity gains, artificial intelligence offers a unique opportunity to create global leaders in record time. There is no shortage of funding for the best entrepreneurs and companies, as evidenced by the record $220m seed round for Paris based H announced this week. What was noticeable about the round was the range of the investor syndicate : from strategics such as Amazon, Samsung and UI Path, household names such as Bernard Arnault, Eric Schmidt and Xavier Niel, and leading VC’s.Looking ahead, we expect the next few years to represent an era of unprecedented innovation in the European ecosystem. Innovation is flowing, vast amounts of capital are available for the strong and the talent pool is expanding. No more excuses Europe!”
Expert interviewsWhat does it take to build a billion-dollar company? What are the critical success factors for European tech? How to remain resilient in a challenging market and benefit from economic downturns? This year’s report features expert views from leading founders and CEOs, including Synthesia, Quantexa, SEON, Flo Health, Zappi and CoverManager.
Download full report: www.gpbullhound.com/articles/titans-of-tech-2024
EnquiriesFor enquiries, please contact: [email protected]
About GP BullhoundGP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.
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Bybit Web3 Announces Upcoming IDO for Aperture Finance, Simplifying Web3 Finance

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DUBAI, UAE, May 24, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit – one of the top three global crypto exchanges by trading volume, today announced an upcoming Initial DEX Offering (IDO) for Aperture Finance ($APTR) on its Web3 platform.

“Bybit Web3 is thrilled to be partnering with Aperture Finance to bring their innovative IDO to our platform,” said Emily Bao, Bybit Web3 Evangelist. “Aperture Finance’s AI-powered solutions have the potential to revolutionize DeFi by simplifying complex transactions and making Web3 finance more accessible to a wider audience. We believe this IDO will be a great opportunity for our users to get involved in this groundbreaking project early on.”
Aperture Finance: Simplifying the complexities of Web3 finance
Aperture Finance is a pioneer in AI-powered intents. Featuring an IntentsGPT interface and an AI-driven smart solver simulation, Aperture’s solver network significantly reduces barriers for DeFi users and enhances transaction efficiency.
IDO Details
IDO Subscription Period: May 24, 2024, 10AM UTC to May 28, 2024, 10AM UTCSnap Period: May 28, 2024, 10AM UTC to May 31, 2024, 10AM UTCReveal and Purchase Period: May 31, 2024, 10:15AM UTC to June 1, 2024, 10AM UTCListing Date: May 31, 2024, 10AM UTCToken Details
Token: APTRTotal Supply: 1,000,000,000Total Allocated to Bybit IDO: 6,666,667 APTREligibility Requirements
Users must hold a Bybit Wallet with a minimum balance of 300 USDT (Arbitrum Chain) throughout the Snapshot Period to participate in the IDO.Three (3) snapshots will be taken daily during the Snapshot Period.Maximum number of winners: 3,000For detailed information on the IDO process and eligibility requirements, please visit the Bybit Web3 page: https://www.bybit.com/en/web3/ido
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. 
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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