At Google’s developer conference this week, the company promoted its “AI first” future with a slew of artificial intelligence developments. These included a “Lens” feature for its Assistant app that identifies what’s in front of your camera and machine learning to keep video calls from cutting out when there’s a poor signal.
Artificial intelligence is a booming field, with revenues up 59 percent in 2017 to $12.5 billion, according to International Data Corporation forecasts. IDC expects the AI market to surpass $46 billion in sales in 2020.
That means Google parent company Alphabet is far from the only one making big bets on AI. Venture capital firms, including Y Combinator, Sequoia Capital and Andreessen Horowitz, have all made numerous investments in AI startups, according to historical data from market research firm Quid.
Among corporations, Intel has made the highest number of unique investments in AI companies at 81. Telefónica, Softbank and Qualcomm, among others, have also been omnipresent investors.
Alphabet however has had the most AI acquisitions, followed by Microsoft, Apple, Intel and Salesforce, according to Quid.
AI also includes an area known as “enterprise insights” where software is used to forecast consumer behavior. It is consistently the most popular area for AI investment. This year, InsideSales.com, an enterprise insights AI sales growth platform, received $50 million from investors including Kleiner Perkins Caufield & Byers and Microsoft.
Virtual assistants and retail product recommendations are also popular areas for AI investment. Here are the areas within AI that have seen the most investment over time:
Focus areas of AI with most investments