In the midst of the ongoing pandemic, several companies are working to further develop their artificial intelligence technologies, known as AI, to aid in a variety of different fields. These companies include Nvidia Corp. (NASDAQ:NVDA), Salesforce.com Inc. (NYSE:CRM), Amazon.com Inc. (NASDAQ:AMZN), Twilio Inc. (NYSE:TWLO) and Tencent Holdings Ltd. (TCEHY).
Through the pandemic, companies have rapidly moved their employees to remote work to avoid contact and reduce the spread of the virus. This move has spurred on the development of AI technologies as an aid to human workers. The pursuit of AI technology covers a wide range of applications, from deep data analytics to more effective agriculture. While the AI of science fiction movies is yet to be seen, the technology has progressed in leaps and bounds in recent years.
AI spending on the rise
A recent forecast from International Data Corp. (IDC) predicts that global spending on AI technology will