target audience: TECH BUYER Publication date: Oct 2023 - Document type: IDC Innovators - Doc Document number: # US51255623
IDC Innovators: Generative AI Foundation Models, 2023 — Part 2
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Abstract
IDC Innovators are emerging vendors with revenue <$100 million that have demonstrated either a groundbreaking business model or an innovative new technology — or both. This IDC Innovators document profiles software vendors providing innovative generative AI foundation models, whether text, image, or multimodal foundation models. This market is growing rapidly with many new entrants emerging and established vendors establishing new offerings in this space.
"Foundation models represent an important paradigm shift in artificial intelligence (AI) and are integral to the future of AI in the enterprise," says Ritu Jyoti, group vice president, Artificial Intelligence and Automation research with IDC's Software Market Research and Advisory Practice. "To truly harness the potential of foundation models in the enterprise, there needs to be significant investment in the entire technology stack — not just the models themselves."