Multimodal AI Market Global Industry Analysis and Forecast (2024-2032)
Multimodal AI Market Size Was Valued at USD 1.43 Billion in 2023 and is Projected to Reach USD 21.16 Billion by 2032, Growing at a CAGR of 34.9% From 2024-2032.
A multimodal model is an ML (machine learning) model that is capable of processing information from different modalities, including images, videos, and text. For example, Google's multimodal model, Gemini, can receive a photo of a plate of cookies and generate a written recipe as a response and vice versa.