As we move forward, Artificial Intelligence is going to become even more prevalent, playing a significant role in virtually every industry. There are a few countries who are spearheading this development, deepening the trends to make AI more understandable and accessible to the normal consumers. The USA and Germany are among those nations who have made significant advancements in this field, leading others from the front.
What do the Numbers Reveal?
One of the biggest advantages of such developed nations is their cutting-edge infrastructure that promotes research work at scale. For instance, the artificial intelligence spend in the USA increased at 77.3 percent during 2018. A forecast suggests, between 2019 and 2025, this spending will record CAGR of 27.8 percent, which would take the numbers from $6.4 billion in 2019 to $35.9 billion by 2025. Germany is no different. The spending on AI, in the next 4-5 years, is expected at CAGR 34.1 percent.
Startups Taking the Charge
Countries like the USA and Germany also reward the entrepreneurial spirit one way or another. This is why countless AI-driven, AI-focused startups have popped up there in recent times across different sectors. This creates an almost cyclic effect with these startups now further promoting the segment, driving more spend, and increasing the market size.
Big Brands Going Bigger on AI
Another benefit these countries enjoy is that they already have established technology companies that encourage innovation; companies with extensive resources that promote the expansion of artificial intelligence. In 2019, Microsoft invested $1 billion in OpenAI, an artificial intelligence research group.Names like Amazon, Facebook, Apple and Google are always in news for their AI research, products and acquisition of smaller AI-based companies. Such investments from top companies leave behind many benefits, including strengthening the industry’s position with promising outlook.
Governments Building Trust and Confidence in AI
Government, too, plays an important role. Recently, the US government announced it would spend $1 billion on multidisciplinary AI and quantum computing research hubs. Similarly, in 2018, the German government set aside €3 billion for research and development of AI. Such spending from the government certainly boosts confidence in the industry, attracting more interests, investments, and innovation.
Top Universities Promoting AI
So, there are many ways and reasons how and why countries like Germany and the USA are leading in the AI segment. This is also why they have emerged as hotspots for the international students who want to pursue a career in this field. Top universities here, as well, stepped up their games, catering to the rising interest around artificial intelligence with uniquely designed courses and faculty with distinguished individuals.
Want to Build Career in AI?
If you are interested in this field and want to build a career in it, there are seamless opportunities. Pick a good university in the USA or Germany, choose a fitting AI program that suits your goals, and take steps to get admission. For help with the admission process, get in touch with overseas education consultant. If you’re confused or have any query, you can even seek career counseling from them. Given how this industry is flourishing, after completing your higher education abroad, you will discover many excellent job opportunities in the same country and across the world.