The rise of large language models and generative AI is expected to produce rapid growth in the GenAI market over the next two years with a new study from AltIndex.com predicting that generative AI will become a $100 billion industry by 2026.
The study notes that the release of OpenAI's ChatGPT marked a turning point for the global AI industry. The chatbot became the fastest-growing app in history with 100 million users in just two months, making artificial intelligence into one of the biggest stories in 2023.
