Generative AI Is Here to Stay - Market and Vendor Announcements: 1H23 Update

This IDC Perspective document highlights some vendor announcements in the generative AI (GenAI) tech domain. It includes IDC's perspective on pertaining trends in Asia/Pacific, including recent launches of solutions and services, how regional vendor initiatives, projects, and partnerships play against global providers, and how the ecosystem of vendors, governments, and end users are responding. "The next 18-24 months are expected to be exciting periods for AI investments and initiatives, thanks to GenAI. Although large language models and image models currently dominate the discussion, we anticipate the availability of additional multimodal foundation models shortly. Moreover, the applications of GenAI will soon coexist with existing record and experience systems," says Karthik Umachigi, market analyst, IDC Asia/Pacific.