There is a well-reported shortage of A.I. talent, and every sector is hoping to integrate A.I. into their core business functions.
As a result, there is a global race to fund A.I. research and to acquire startups. In 2019, investors put $136.5 billion into 10,777 deals worldwide. Seed or pre-seed rounds made up half of those deals, while 21% were Series A and 12% were Series B. U.S. tech giants like Apple, Google and Microsoft are acquiring A.I. companies at a rapid clip, and non-tech companies are gobbling A.I. startups too: McDonald’s acquired personalization platform Dynamic Yield, while Nike acquired inventory management company Celect and guided shopping experience platform Invertex.
The U.S. Department of Energy is reportedly planning to ask Congress for $3 – $4 billion over the next 10 years to build next-generation exascale computers that use A.I. to speed scientific discoveries.
In July of 2019, Japanese conglomerate Softbank launched Vision Fund 2, a $108 billion fund designated specifically for A.I. startups.
This trend is part of our section on Artificial Intelligence. Other trends in this section include:
Accountants, Advertising and Public Relations, Aerospace, Agriculture, Airlines, Alternative Energy Production & Services, Architectural Services, Auto Manufacturers, Banking, Bars & Restaurants, Beer, Wine and Liquor, Book Publishers, Broadcasters, Radio and TV, Builders/General Contractors, Cable & Satellite TV Production & Distribution, Casinos/Gambling, Chemical & Related Manufacturing, Civil Servants/Public Officials, Clergy & Religious Organizations, Clothing Manufacturing, Commercial TV & Radio Stations, Construction, Covid-19/ coronavirus, CPG, Cruise Ships & Lines, Defense, Diplomacy, Doctors & Other Health Professionals, Drug Manufacturers, Education Colleges & Universities, Education K-12, Education Online, Education Trades, Electric Utilities, Entertainment Industry, Environment, Foreign & Defense Policy, Gas & Oil, Government - International, Government - National, Government - State and Local, Health Professionals, Heavy Industry, Hedge Funds, Hospitality, Hotels/Motels/Tourism, Human Resources, Information Technology, Infrastructure, Insurance, Law Enforcement, Lawyers/Law Firms/Legal Industry, Lobbyists, Luxury Retail, Magazines, Manufacturing, National Security, News Media, Non-profits/Foundations/Philanthropists, Online Media, Pharmaceuticals/Health Products, Private Equity, Professional Services, Professional Sports, Radio/TV Stations, Real Estate, Retail, Technology Company, Telecommunications, Trade Associations, Transportation, Travel Industry, TV Production, TV/Movies/Music, Utilities, Venture Capital, Waste Management, Work (Future of)