LONDON, April 17,
2024 /PRNewswire/ -- Since ChatGPT emerged,
Generative AI (GenAI) development and deployment have been gaining
significant momentum in Asia and
Oceania, Omdia's new, Generative AI in Asia & Oceania – 2024: Democratization
through localization report indicates that software revenue
for GenAI in this region is estimated to be around $3.4 billion by the end of 2024 but is projected
to exceed $18 billion by 2028.
China, Japan, and South
Korea stand out as leading examples compared to other
markets in the development of GenAI. Leveraging localized AI
infrastructure, data, and human resources, vendors in these markets
develop GenAI models with multilingual capacity, deep understanding
of local cultures, and compliance with local legal requirements.
Collectively, vendors from all three markets account for over 300
foundation models, all developed for various applications including
chatbots and virtual assistants, video analytics, gaming and
software development, autonomous vehicles and robots, and more.
"Asia and Oceania boasts
some of the most ambitious vendors in the AI industry building
full-stack solutions. Companies such as Alibaba, Baidu, Huawei,
Tencent, SK Telecom, and KT are
developing proprietary cloud AI chips, infrastructure, frameworks,
services, and solutions, with the vision of creating fully
differentiated GenAI products and services tailored to regional
contexts," comments Lian Jye Su,
Chief Analyst, Applied Intelligence at Omdia.
In addition to these markets, India and Singapore are making strides in the AI
landscape. Indian vendors such as Ola, Sarva AI, Tech Mahindra, and
CoRover.ai are developing large language models (LLMs) that support
text and voice in Hindi, English, and multiple regional languages.
Meanwhile, Singapore recently
launched a suite of pre-trained and instruct-tuned LLMs known as
Southeast Asian Languages in One
Model (SEA-LION), developed jointly by AI Singapore, A*STAR,
and AWS. SEA-LION is designed for multiple Southeast Asian
languages, including Bahasa Indonesia, Bahasa Melayu, Thai, and
Vietnamese. Additionally, Singapore is partnering with Google Cloud and
Microsoft Azure to offer GenAI training and development solutions
for local enterprises.
Omdia notes that most organizations in Asia and Oceania lack expertise in GenAI
development and struggle to compete with major technology vendors
and startups for AI talent. GenAI solution developers and service
providers in Asia and Oceania must
acknowledge the complexity of creating a regional GenAI solution
and deploy proper resources to help their clients meet data
sovereignty requirements.
"Eventually, we expect the focus on GenAI localization and data
sovereignty to lead into AI sovereignty. Asia and Oceania now understand the paradigm
shift brought by GenAI and have started advocating GenAI
development that is fully aligned with a country's identity,
characteristics, and needs. As such, governments need to work
closely with GenAI technology suppliers and end-users to build up
the local AI infrastructure and ecosystem," concludes Su.
ABOUT OMDIA
Omdia, part of Informa Tech, is a technology research and
advisory group. Our deep knowledge of tech markets combined with
our actionable insights empower organizations to make smart growth
decisions.
Fasiha Khan
Fasiha.khan@omdia.com
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SOURCE Omdia