Naver�s large language model is powering shopping recommendations

Jakson25828 Feb, 2022Technology

The global NLP market is expected to climb in value to $35.1 billion by 2026. The pandemic has accelerated the world?s digital transformation, pushing businesses to become more reliant on software to streamline their processes. As a result, the demand for natural language technology is now higher than ever ? particularly in the enterprise. According to a 2021 survey from John Snow Labs and Gradient Flow, 60% of tech leaders indicated that their natural language processing budgets grew by at least 10% compared to 2020, while a third ? 33% ? said that their spending climbed by more than 30%.