Explosive Growth Predicted: Large Language Model Market Set to Reach USD 6.5 Billion by 2024 To USD 140.8 Billion by 2033- Dimension Market Research [Yahoo! Finance]
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Expect improved performance, wider applications in many contexts, and better focus on efficiency and sustainability. LLMs will reshape communication, decision-making, and content generation, revolutionizing the way we interact with AI. Hamilton Square, April 16, 2024 (GLOBE NEWSWIRE) -- Overview: According to Dimension Market Research, The Global Large Language Model Market size is expected to reach USD 6.5 billion by 2024 and is further anticipated to reach USD 140.8 billion by 2033. The market is anticipated to register a CAGR of 40.7% from 2024 to 2033. A Large Language Model also known as LLM is a type of deep learning algorithm, using Natural Language Processing (NLP) to perform various tasks. Using transformer models and trained on large datasets, LLMs excel in tasks like language translation and text generation. They can also tackle different challenges like understanding protein structures and coding. In the global large language model market, types include Zero-shot,
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