Artificial intelligence on the rise

Published on: August 30, 2018 / update from: 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

In 2016, according to CB Insights, venture capitalists invested over five billion US dollars in companies that deal with artificial intelligence (AI) in some form - that corresponds to a whopping 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 company acquisitions in the AI ​​sector since 2011 have been made by the search engine giant or Google DeepMind, a Google company that specializes in programming AI. Google boss Sundar Pichai also underlined 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 status of AI development and then moved directly to Google's digital assistants.

Other big names in the tech industry such as Apple and Intel (five acquisitions each) also apparently attach great importance to this area. An important motivation to support AI startups is that many companies are working on making their platforms and systems more human-like. For example, customer service tasks could be taken over in whole or in part by chatbots in the future.

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Google is investing in artificial intelligence

Artificial intelligence is currently booming. CB Insights, venture capital providers have already invested in more than 200 companies that deal with artificial intelligence (AI) in some form. Google is also at the forefront. 9 of the 31, according to CB insights analysts, most important company purchases in the AI ​​area since 2011 have been on the search engine giants or on Google Deepmind; A Google company that specializes in the programming of “artificial intelligence”. Other sizes of the tech industry such as Apple or Intel (each 3 takeovers) are much more reserved. An important motivation to promote AI startups is that many companies are working on making their platforms and systems more human-like. For example, tasks in customer service could be taken over by chatbots in the future.

You can find more infographics at Statista