Investment in AI projected to triple by 2020 with market value of...

Investment in AI projected to triple by 2020 with market value of $1.2 trillion

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US: The artificial intelligence (AI) market is projected to continue experiencing significant growth through 2020, with venture capitalists and tech companies investment in the sector tripling according to Forrester Research. With this growth, it is projected the market value is projected to be $1.2 trillion annually by 2020 with Global GDP annual growth rate of 3.5%.

Technological advancements will enhance cognitive learning capabilities and innovators in the space will continue developing cutting-edge solutions, including various applications for mesh technologies not limited to the Internet of Things (IoT) and evolved tracking devices. Additionally, it should be noted that AI has capabilities to benefit every industry in some form or fashion as big data and advanced analytics become more prevalent in strategic planning. The AI and IoT markets continue to grow rapidly across many verticals while creating a rising demand for high-performance technology and services.

Active companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Pure Storage Inc. (NYSE: PSTG), NVIDIA Corporation (NASDAQ: NVDA), Twilio, Inc. (NYSE: TWLO), NetApp, Inc. (NASDAQ: NTAP).