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Reasoning and Recommendation is the Most Active Area for AI Startups Worldwide: MIC
July 14, 2017

 

Taipei-based research institute MIC (Market Intelligence & Consulting Institute) conducted a research study on 902 AI startups worldwide that are closely followed by investors on AngelList. Based on the scope of technologies and fields of applications, 902 AI startups were categorized into six areas: Reasoning and Recommendation, NLP (Natural Language Processing), Machine Learning, Computer Vision, Motion & Manipulation, and Computer Voice. "The findings reveal that reasoning and recommendation is by far the most-active area with a total of 502 companies. NLP ranks second with a total of 185 companies, followed by 87 in machine learning, 78 in computer vision, 18 in motion and manipulation, and 13 in computer voice, respectively," says Ray Han, industry analyst with MIC.

AI Startups Distribution by Scope of Technologies

? Source: MIC, July 2017

“In recent years, startups are directing their attention to human-computer collaboration, and this, alongside with breakthroughs in AI technologies and algorithms, have resulted in the rapid growth of "NLP" (ranking second) and "computer vision" (ranking fourth) companies.”

To see more about this report, please visit The Fields and Funding of AI Startups Worldwide

For future receipt of press releases, or more information about MIC research findings, please contact MIC Public Relations.

About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. http://mic.iii.org.tw/english