The reason why these tech giants are so focused into AI and its associated companies is because AI is pretty much the main focus these days and it is well known that the future of the tech world lies in AI, that is the reason why the market of Artificial Intelligence is in so much chaos these days, so every other company out there wants to overpower the other with their AI developments leading to a major competition in the market at the moment. Amazon’s Alexa, Google’s Assistant, Microsoft’s Cortana and Apple’s Siri have contributed a lot to this competition.
CB Insights collected some insights and found out that there have been a total of 635 artificial intelligence investments in the last decade with a major increase of 38% in last year.
It has been found that Apple has bought at least 25 AI companies and on the other hand Google has bought only 14 in the same time period. Google got hold of many well-known AI companies like DeepMind Technologies, Api.ai and Superpod to develop Artificial Intelligence products and to improve the capabilities of Google Assistant. Other major tech giants that bought AI companies also include, Microsoft with having bought 10 AI startups, Facebook bought 8 and Amazon in total bought 7 AI startups. Out of the many tech companies out there, these are the ones that are dominating in this field of Artificial Intelligence especially.
The Senior Analyst on the Thematic Research Team at Global Data, Sir Nicklas Nilsson feels that because Apple’s Siri is shadowed by Google’s Assistant and Amazon’s Alexa in terms of smartness, Apple has decided beforehand to be in the lead in the field of Artificial Intelligence, that is why Apple is dominating in the area of AI company acquisitions.