Apple was the biggest buyer of AI companies in the past five years
Apple was the company that bought the most artificial intelligence (AI) companies between 2016 and 2020. The information is from a GlobalData survey, that reveals that four of the five largest acquirers are Big Techs based in the United States – in addition to Apple, we have Google, Microsoft and Facebook in the ranking. The exception is the Ireland-based consultancy Accenture.
Together, the five companies made 60 acquisitions in the AI sector. Apple alone was responsible for 25 of these transactions. The Cupertino giant has spent the past five years evolving the technology of its assistant Siri – which involves improving data handling and better understanding of natural language – as well as creating new features for iPhones and other devices.
“Apple did a shopping spree trying to reach Google (Google Assistant) and Amazon (Alexa). Siri was the first in the market, but is consistently below the two in terms of “intelligence”, which is partly the reason why Apple is far behind in sales of smart speakers. Apple also wants to maintain its prominent position within wearables. It is the dominant player in smartwatches. The acquisition of Xnor.ai last year was made to improve its state-of-the-art processing capabilities, which became important because it eliminates the need to send data to the cloud, thereby improving data privacy.” – Nicklas Nilsson, Senior Analyst, GlobalData Thematic Research Team
In addition to “swallowing” AI companies, the technology giants have also been “hungry” for professionals in this field. GlobalData claims that the top five buyers were collectively responsible for opening more than 14,000 jobs related to artificial intelligence in the year 2020 alone.
Source : GlobalData