Updated: May 9, 2019
Countries across the world are investing in acquiring market share in the digital space. They are focusing on using artificial intelligence to contribute more in GDP. Since 2010, the amount of investment in Artificial Intelligence has increased by 60%.It is expected that overall global investment in Artificial Investment would increase to $15.7 trillion by 2030. China has opted for the path of public investments which sums up to $7 billion per annum in AI projects. This strategic investment is an ambitious national plan to generate a $150 billion industry by 2030.
In 2018, Japan invested around $1 billion in Artificial Investment. EU has initiated AI focused project named “Horizon 2020”. France would invest around 2 billion Euros by 2020 in AI sector.
Thus, businesses would follow a new pattern in coming years, where, competition and business strategies might take different forms. But, technology should not completely take over the human race.