Page 42 - Red Hat PR REPORT - JULY 2024

ecosystem. This includes contributions to major open-source AI projects and the launch of
new community-driven AI research programs.

Projected Growth
Industry analysts project significant growth for Red Hat in the coming years. According to a recent
report by IDC, the global AI market is expected to grow at a compound annual growth rate (CAGR) of
35.6% from 2023 to 2028 (source: https://www.idc.com/getdoc.jsp?containerId=prUS49622423).
With its robust portfolio of AI-integrated products and IBM’s backing, Red Hat is poised to capture a
substantial share of this market.

Source: Carsten Krause, CDO TIMES Research & IDC

Thought Leaders on AI and Open Source

The convergence of AI and open source has sparked numerous discussions among industry
thought leaders. Their insights highlight the transformative potential of these technologies and the
importance of maintaining open access to foster innovation and collaboration. Here are some
notable quotes:

Sam Altman, CEO of OpenAI

“Open-source AI frameworks enable a collaborative approach to solving some of the world’s most
pressing challenges. By sharing our advancements, we can accelerate progress and ensure that the
benefits of AI are distributed equitably.”
Source: https://openai.com/blog/openai-api/

https://cdotimes.com/2024/07/29/red-hats-evolution-from-open-source-pioneer-to-multi-cloud-
ai-leader/