Business technology investment no longer follows a predictable path to growth. The global venture capital (VC) investment in artificial intelligence (AI) was close to its peak in 2021 reaching $22.3 billion, according to the latest worldwide market study by ABI Research. This is just $400 million shy of the historical high of $22.7 billion recorded in 2019. Compared to the $15 billion recorded in 2020, the market made a remarkable recovery, with a 48.5 percent year-on-year growth. Will the future AI marketplace return to stable growth, or will it remain volatile?

NVIDIA (NASDAQ:NVDA) showed a notable improvement in growth across the business in its latest quarter. Besides the strength in the gaming segment, two other areas that stood out in Q2 2020 were the data center and automotive divisions, with both showing an increase in revenue over the previous quarter. NVIDIA stock is down 38% over the last year, partly because of a slowdown in the data center business. But that segment's sequential growth last quarter could be signaling a rebound. With artificial intelligence (AI) technology getting more advanced, NVIDIA is starting to see more companies turn to graphics processing units (GPUs) to power the development of conversational AI, which management believes is an enormous growth opportunity.

This report sets out a series of strategic recommendations to the government, based on core pillars including data supply and exchange, skills and education and developing an artificial intelligence infrastructure in the UK, with a view to growing the country's AI sector, something which was also augmented by the recent Budget and government's Industrial Strategy White Paper this week. The professional panel included speakers such as Westminster Senior Lecturer and journalist Dr Mercedes Bunz, Westminster Business School Senior Lecturer Dr Steven Cranfield, and well known journalist and technology author Joanna Goodman, a Visiting Fellow at Westminster Law School's Centre on the Legal Profession. Speakers dissected the report and its implications for the future and were then questioned by the audience on the matter for nearly one and a half hours. Convener and Westminster Senior Lecturer in Law, as well as artificial intelligence, robotics and the law researcher, Dr Paresh Kathrani, who chaired the event, said: "2017 was undoubtedly an important year for artificial intelligence in the United Kingdom, not least with the House of Lords Select Committee on Artificial Intelligence's work on AI, this report and the recent Industrial Strategy White Paper. The University of Westminster and Westminster Law School will continue putting on LawTech and AI events in 2018 looking at these vital developments."

Intel Corporation INTC is gearing up to become a major provider of solutions for the Artificial Intelligence (AI) market, which is anticipated to be worth $5.05 billion by 2020 as per MarketsAndMarkets.com. The company recently announced a plethora of products, technologies and investments, which will augment its presence in the AI market. Additionally, Intel expects the next generation Xeon Phi processors to deliver up to four times better performance than the previous generation for deep learning. Code-named Knights Mill, the co-processor will be available in 2017. Acquisitions to Expand Footprint Apart from Nervana, the Movidius acquisition also expands Intel's AI product portfolio.

China will speed up the development of its artificial intelligence (AI) sector and create a market worth more than 100 billion yuan ( 15.26 billion) over the next three years, the National Development and Reform Commission said in a statement released on its website Monday. By 2018, China shall build platforms for fundamental AI resources and innovation and make breakthroughs on basic core technology, said the three-year implementation program for "Internet Plus" artificial intelligence. The plan is formulated jointly by the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the Cyberspace Administration of China. According to the website, the country shall be in line with global AI technology and industries by 2018. At key regions, the country will cultivate some global leading AI enterprises and set up an innovative, open, cooperative, green and safe AI industrial ecology.

By 2018, China shall build platforms for fundamental AI resources and innovation and make breakthroughs on basic core technology, said the three-year implementation program for "Internet Plus" artificial intelligence. The plan is formulated jointly by the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the Cyberspace Administration of China. According to the website, the country shall be in line with global AI technology and industries by 2018. At key regions, the country will cultivate some global leading AI enterprises and set up an innovative, open, cooperative, green and safe AI industrial ecology. The country will cultivate and develop emerging artificial intelligence industries, promote innovation in intelligent products and enhance the intelligence level of terminal products.