Collaborating Authors

deep tech solution

Need more budget for artificial intelligence projects? Point out what the competition may be doing


One can be forgiven for thinking that everyone in the world is adopting sophisticated, next-gen technologies such as artificial intelligence and autonomous systems, and their company is falling woefully behind. While it's more the case of everyone trying to find their way with still yet-to-be-fully-understood technologies, this fear of falling behind is real, and is driving investment. That's the word from a survey of 200 enterprises from Seeqc, which finds rising investment in deep-tech solutions is largely driven by the threat of industry competition, with substantial R&D budgets and jobs on the line. More than two-thirds, 67%, fear their competitors are further along than their company. That's certainly a way to get the full attention of business leaders controlling the purse strings.