Artificial intelligence on the rise

Published on: August 30, 2018 / Updated on: August 30, 2018 – Author: Konrad Wolfenstein

Artificial Intelligence on the rise – @shutterstock | Alexander Limbach

+++ Artificial intelligence on the rise +++ Google invests in artificial intelligence +++

Artificial intelligence on the rise

According to CB Insights, in 2016 venture capitalists invested over five billion US dollars in companies involved in artificial intelligence (AI) in some form – a substantial increase of 61 percent compared to the previous year.

Google is also at the forefront. According to CB Insights analysts, 11 of the 55 most important AI acquisitions since 2011 are by the search engine giant or Google DeepMind, a Google subsidiary specializing in AI programming. Google CEO Sundar Pichai underscored the enormous importance of the topic when he presented the company's new products last October. His presentation began with a summary of the current state of AI development before transitioning directly to Google's digital assistant.

Other tech giants like Apple and Intel (each with five acquisitions) also clearly attach great importance to this field. A key motivation for supporting AI startups is that many companies are working to make their platforms and systems more human-like. For example, customer service tasks could be fully or partially taken over by chatbots in the future.

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Google is investing in artificial intelligence

CB Insights , venture capitalists have already invested in more than 200 companies this year that deal with artificial intelligence (AI) in some way. Google is at the forefront of this trend. Nine of the 31 most important AI acquisitions since 2011, according to CB Insights analysts, are by the search engine giant or Google DeepMind, a Google subsidiary specializing in programming artificial intelligence. Other tech giants like Apple and Intel (each with three acquisitions) are considerably more reserved. A key motivation for supporting AI startups is that many companies are working to make their platforms and systems more human-like. For example, customer service tasks could be fully or partially taken over by chatbots in the future.

You can find more infographics at Statista