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Artificial intelligence (AI) that is modeled after how the brain processes information is known as neuromorphic computing.
Neuromorphic computing systems use analog circuits that imitate the behavior of neurons and synapses in the brain as opposed to traditional computing systems, which use a digital approach to data processing.
Complex data can be processed more effectively and flexibly as a result, enabling techniques like pattern recognition and natural language processing.
By facilitating quicker and more accurate data processing and decision-making, neuromorphic computing systems have the potential to revolutionize several industries, including healthcare, banking, and transportation.
They are also viewed as a potentially effective response to the difficulties brought on by the growing volume of data produced by the Internet of Things (IoT) and other cutting-edge technologies.
Although the neuromorphic computer market is still in its infancy, it is anticipated to expand quickly as more businesses and organizations become aware of its potential.
The Global Neuromorphic Computer Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
The Loihi model of Intel’s neuromorphic hardware is the most recent version. The latest update includes an improved processor and other fundamental processing improvements, as you might expect from Intel.
However, it also includes some fundamental hardware upgrades that make it possible for it to execute completely new kinds of algorithms.
Additionally, Intel is publishing a compiler in the hopes that it will encourage wider usage whereas Loihi is currently still a research-focused product.
The innovative platform Xtellix, which employs a ground-breaking general-purpose algorithm for large-scale optimization, recently announced plans to deploy their new quantum-neuromorphic inspired program – a countermeasure against quantum computing.
Quantum-neuromorphic computing “physically implements neural networks in brain-inspired quantum hardware,” greatly accelerating computation.
Their algorithms are able to accelerate decision-making from what used to take hours or days into mere seconds by finding the ideal or nearly optimal solution to up to 1 billion decision factors in a fraction of the time and memory of conventional algorithms.
Their discovery is set to create brand-new, exciting options for resolving urgent, significant issues across numerous industries.