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Led by Nvidia, U.S. dominates in generative AI tech

TOKYO -- U.S. tech companies have come to dominate multiple facets of the burgeoning market for generative artificial intelligence, with market shares of 70% to more than 90% depending on the field.

Generative AI has taken off since ChatGPT went online in 2022. Statista expects the global market to grow roughly 20% a year, swelling to $207 billion by 2030.