AI technologies market forecast to grow fourfold
In 2017, the AI technology market reached $ 13.4 billion, and by 2022, the figure will increase fourfold to $ 52.5 billion, according to the consulting company Frost & Sullivan.
It is expected that in the coming years, the global scale spending on AI will grow by 31% annually. By 2030, the introduction of AI technologies will increase the volume of the global goods & services market by 15.7 trillion dollars.
The United States is currently holding the leading position in terms of investments in AI projects and start-ups, as well as in the number of investment deals concluded. It is followed by China and the United Kingdom.
However, China is the leader in terms of the average volume of investment in AI technology and companies. There, $ 100 million was spent on the average in this area during the past two years. In the US and the UK, these figures were 15 and 5.4 million dollars, respectively.
The study emphasizes that artificial intelligence remains one of the leading areas for research in computer technology. Such attention is paid to this area due to the fact that artificial intelligence, imitating the human thought process, is capable of learning and performing various actions much more efficiently than ordinary computers programmed to perform similar tasks.
Achievements in the field of AI increase the quality and quantity of innovative ideas, allowing companies to compete regardless of their size. Such companies as IBM, Google, CloudMinds, Affectiva, etc. are engaged in research in various technological fields of artificial intelligence.
The Chinese companies such as SenseTime ($ 1.2 billion invested in it), UBTech Robotics ($ 820 million), Megvii Technology ($ 600 million), YITU Technology ($ 300 million) and the American companies such as Dataminer (391 million dollars), CrowdStrike (200 million dollars) and Pony.ai (214 million dollars) were the most popular companies among investors in 2018. Technological AI startups attracted the attention of companies such as Alibaba Group, Fidelity International, General Atlantic, Accel, and others.
In medicine, artificial intelligence is mainly used to identify patterns in medical data and it can significantly improve the accuracy of treatment, minimizing the possibility of making false diagnoses, and, as a result, reducing the cost of treatment, DailyComm reports.
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