VentureBeat December 6, 2021
According to the latest report by Tortoise Intelligence, worldwide investment into AI companies has increased by 115% since 2020, marking the largest year-on-year growth in AI investment for at least two decades. Total AI investment reached $77.5 billion in 2021, a substantial increase from the previous record set last year of $36 billion.
Overall, it’s clear from the report’s findings that COVID-19 has contributed to a surging global interest in AI from both governments and investors. A sudden need for digital collaborative spaces and remote working tools during the pandemic forced business leaders to understand the vital need for digitization, said Michael Chui, partner at the McKinsey Global Institute. This demand included further investments in AI and automation.
The U.S....
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