Tech, Media and Telecom Market Roundup

GlobalData Plc forecasts the total AI market will reach $642 billion in 2029, up from $131 billion in 2024, reflecting accelerated growth driven by advancements in agentic tools and infrastructure shifts. This expansion underscores a pivotal transformation in artificial intelligence, with systems transitioning from drafting and summarizing to autonomous task execution.

The AI landscape is marked by a competitive realignment in infrastructure, as major players diversify their technological dependencies. NVIDIA continues to dominate the AI chip market with nearly 90% of revenue share, but emerging players like Broadcom and AMD are gaining traction. OpenAI, previously reliant on NVIDIA GPUs, has secured commitments for 10 gigawatts of custom accelerators from Broadcom and 6 gigawatts of GPU capacity from AMD, signaling a strategic shift in compute sourcing.

Qualcomm’s anticipated 2026 launch of inference chips further illustrates the sector’s evolving dynamics. These developments highlight a broader trend where AI infrastructure is transitioning from a technical challenge to a procurement strategy, with companies prioritizing flexibility and cost-efficiency over singular vendor relationships.

Agentic tools, which can plan and execute tasks with minimal human oversight, are moving beyond experimental phases into mainstream product catalogs. While skepticism persists regarding their measurable business value, their integration into commercial workflows suggests a fundamental shift in AI adoption. This trend aligns with the