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The global AI robotics market size in 2024 grew past 19 billion U.S. dollars, a nearly 30 percent growth compared to 2023 market size. By the end of the decade in 2030, it is expected to surpass 35 billion U.S. dollars. This is a considerable rate of growth, with nearly 20 percent of market value added annually.

Intersecting at the forefront of tech development

The combination of AI and robotics took off in 2024, with both startups and established robot manufacturers teaming up with large AI developers to make the marriage of these two technologies as successful as can be. The rapid development of generative AI has been especially critical to the field, as the iterative learning of large language models enables robots powered by them to operate with far more flexibility than more rudimentary models.

AI chips are key

The chips needed to power both the AI models and their robotic bodies are the new generation of advanced semiconductor chips flooding the market. These exceptionally valuable chips are being developed by companies such as Nvidia, OpenAI, Microsoft, and other notable tech giants. Cooperation between these AI hardware and software developing firms is vital for any AI robotics company that wants to find success.