Find stats on top websites
Industry Landscape
The AI voice technology industry is experiencing rapid innovation, driven by advancements in generative AI and neural networks. It's characterized by increasing demand for realistic, emotionally expressive, and scalable voice solutions across diverse sectors like gaming, e-learning, and customer service. Accessibility and integration into consumer applications are key trends.
Total Assets Under Management (AUM)
AI in Media and Entertainment Market Size in United States
~$1.5 Billion (2023)
(29.7% CAGR)
Growth is fueled by increasing demand for personalized content and immersive experiences. Key drivers include generative AI for content creation and AI-driven analytics for user engagement. The market is also propelled by the adoption of AI in gaming, streaming platforms, and virtual reality.
Total Addressable Market
30.9 Billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Voice Cloning
Advancements in generative AI enable highly realistic and customizable voice cloning from minimal audio, allowing for unparalleled personalization and scalability in voice applications.
Real-time AI Model Adaptation
AI models capable of real-time learning and adaptation based on user interaction and context will lead to more dynamic and responsive applications that evolve organically.
Edge AI for Voice Processing
Processing AI voice models directly on devices rather than solely in the cloud will significantly reduce latency, enhance privacy, and enable offline functionality for voice applications.
Impactful Policy Frameworks
Algorithmic Accountability Act of 2023 (Proposed)
This proposed US federal legislation aims to establish new requirements for companies to assess and mitigate risks of bias, discrimination, and other harms in their automated decision-making systems and algorithms.
This policy could necessitate Inworld AI to implement more rigorous auditing and transparency measures for their AI models, particularly concerning bias in voice generation or adaptive runtime behaviors.
INFORM Consumers Act (2022)
While primarily focused on online marketplaces, the 'Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act' (INFORM Consumers Act) requires online marketplaces to verify high-volume third-party sellers, increasing transparency for consumers.
Though not directly for AI voice, it sets a precedent for transparency and verification in digital services, potentially influencing future regulations on AI-generated content origin and authenticity that Inworld AI might need to disclose.
Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (October 2023)
This broad US Executive Order outlines principles and directives for federal agencies to promote the responsible development and use of AI, covering areas like safety, security, privacy, and equity.
Inworld AI will need to ensure its AI models and products align with the evolving federal guidelines on AI safety, security, and ethical use, potentially influencing product development and deployment strategies.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
