Artificial intelligence market poised to skyrocket in near future

Artificial intelligence market poised to skyrocket in near future.(File Photo) With the combination of technical breakthroughs, application domain development and supportive governmental policies, analysts believe that the artificial intelligence market could be worth hundreds of billions of dollars in the future.  Total global investment in the field of artificial intelligence was more than 1.9 billion dollars in 2014, a growth of more than 50 percent from 2013. BBC forecasted that the market will continue its rapid growth. The global market size will reach 18.3 billion dollars (about 119 billion yuan) in 2020.  As of now, there are more than 900 enterprises in the field of artificial intelligence, mainly in North America and Western Europe. Several technology giants such as Google, Facebook, Microsoft and IBM have already stepped into the field.…


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