Here’s something that Beijing might find disagreeable. According to Bloomberg, the most promising artificial intelligence startups are based in the U.S.
Citing a recent report by CB Insights, Bloomberg says that of the top 100 startups in AI, 65% of them are headquartered in the U.S.
The research group considered venture capital investment, patent activity and market potential to develop its list of the companies most likely to succeed. The high percentage of U.S.-based companies reflect the country’s historical dominance in AI research, Varadharajan said.
The top 100 includes unicorns such as the Connecticut-based imaging company Butterfly Network, San Francisco-headquartered marketplace Faire, and Boston-based enterprise AI developer DataRobot. The top firms mostly work on addressing specific needs within specific industries, such as diagnostics and health monitoring in healthcare, commuter modeling and mapping for city planning, and fraud detection for finance.
After the U.S., Canada and the U.K. are in second place with eight startups in the top 100, followed by China and Israel with six and three companies on the list, respectively. Rounding up the top five is Germany with two.