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REE partners to deliver better fleet management and healthcareThis month the maker of software-defined by-wire electric trucks announced collaborations with Geotab focuses on advanced data analytics for better fleet management solutions and with Mission Mobile Medical to expand its mobile healthcare fleet for patients with limited healthcare access. Read the full article
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ABI Research: US Replaces China as the Top AI Venture Capital Investment Hub
ABI Research, a global tech market advisory firm recently published data showing that the US has replaced China as the Top AI Venture Capital Investment Hub. According to ABI Research, the US commanded the most AI investment values in 2018 globally at 52.3%. They stated that based on the investment figures in 2019, the gulf between the United States and China will continue to get wider The USÂ share is expected to reach 70%.
US Replaces China as the Top AI Venture Capital Investment Hub
The US lost its first spot to China in 2017, they then jumped back in 2018 with a total of $9.7 billion in AI investment. According to ABI Research, they have seen an impressive 120% year-on-year increase. ABI Research attributed the US’s position to investments from Cruise Automation, Dataminr, Zoox, and Zymergen. They except the growth to increase to $14 billion in 2019. According to the market advisory firm, China has experienced a healthy year-on-year growth rate of 54%, with a total of US$7.4 billion. Since 2016, AI has been of special interest in China. Their main focus has been around machine vision, which has translated into the creation of hugely successful AI startups with large market reach and deep technology. But China’s focus on certain strategic areas of AI technology starts to become a double-edged sword. Chinese startups have cornered the domestic market but they are facing challenges expanding into overseas markets. They facing these challenges because of different regulations and market conditions.
ABI Research Speaks on the Data
Lian Jye Su, principal analyst at ABI Research spoke about the data. According to Jye Su, The United States is reaping the rewards from its diversified AI investment strategy. Top AI startups in the United States come from various sectors, including self-driving cars, industrial manufacturing, robotics process automation, data analytics, and cybersecurity. All these startups research on and invest in cutting edge deep learning technologies in their solutions, democratizing AI for enterprises and end consumers. He stated that though the Chinese AI investment is feeling the pinch of reality, they are still the largest single market for AI implementation. Favourable policies and flexible regulations in China, backed by a government willing to invest and deploy innovative technologies at scale, will certainly amplify AI adoption in the region. Â He stated that though the United States may be leading in investment in AI research and development, in the longer term, China will be able to capitalize on those technologies and bring them to the masses. Read the full article
Global mobile phone shipments breached 1.6 billion units in 2012, Samsung, Apple and Nokia still on top - published on: Technology Companies List
A charger on every nightstand and a phone in every pocket — it could be a presidential slogan, but it’s really just reality. According to research from Strategy Analytics, a staggering 1.6 billion mobile phones were shipped (not sold) globally in 2012, and 700 million of them were smartphones. Samsung, Nokia and Apple, in that order, were the biggest movers of handsets, though the latter two change places when it comes to smartphones — Espoo only shipped 35 million to…
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Global mobile phone shipments breached 1.6 billion units in 2012, Samsung, Apple and Nokia still on top
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Global mobile phone shipments breached 1.6 billion units in 2012, Samsung, Apple and Nokia still on top
