A new report from Bain & Company forecasts substantial growth in the artificial intelligence (AI) product market in the coming years. The firm projects that the market for AI-related hardware and software could expand by 40-50% annually, reaching approximately $990 billion by 2027.

Bain & Company identifies three key areas of opportunity driving this growth: the development of larger data centers, enterprise and sovereign AI initiatives, and ongoing improvements in software efficiency and capabilities.

Catalysts co-hosts Seana Smith and Madison Mills breaks down the details.

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This post was written by Angel Smith