It is undeniable — the AI market is booming. Tractica predicts that the global artificial intelligence (AI) software revenue will grow from the already quite impressive US $9.5 billion back in 2018 to an even more astounding US $ 118.6 by 2025.
What exactly is driving this growth? While massive companies such as Amazon contribute in terms of resources in order to develop AI tech, much of the growth actually comes from startups.
So who are the leading investors in AI as of the moment? Here’s the list.
This ranking is based on Index’s listing of companies based on the number of investments they have as of May 2019.
On the lead is Intel Capital, garnering a total of 51 investments. 500 Startups succeeds the ranking with 45 AI investments in their hands. In the third place is NEA, putting their resources behind a total of 34 investments.
A huge number of top investors listed by Index have United States as their geographical focus.
Moreover, a relatively common market focus among the top investors is software. However, these companies are working with AI on purposes that goes beyond software. This includes fields such as:
- Social Media
Even with all these applications of AI, the list could still go on. This only shows how versatile and powerful AI could get.
Hopefully, more and more startup companies will also choose to venture in AI. Its development is crucial in fast tracking the development of other industries where it can be implemented. With AI at our disposal, we have a means to challenge the current limits of our capabilities.