Technology
Technology Hype Cycles
Technology Hype Cycles
Hype occurs in cycles. It starts with the introduction of a concept and thinking about the possibilities.The more that is possible, the higher expectations rise.
Then it’s time to take the medicine and figure out the exact reality of the situation. Often it is less than expected, and much work is still to be done to bring an idea to fruition.
Every year, Garner publishes a great resource called the Technology Hype Cycle. We did a quick re-design above. It takes all the broad concepts in technology, and plots them along a typical plot that shows expectations over time. For any retail investor looking at technology opportunities, taking this into consideration is imperative. Before proper revenue and profit generation, many deals operate on these sets of expectations.
At Visual Capitalist, we try to cover these upcoming opportunities to show investors their potential. Over the past couple of years, we’ve covered things such as Bitcoin, 3D Printing, Wearable Tech, The Internet of Things, and Graphene to keep you on the forefront of innovation.
Like the resource investment lifecycle, this hype cycle creates broad opportunities for the savvy investor. Two obvious ways to take advantage:
1) Identify a broad category of technology as it comes as an innovation trigger, and find early stage investments to ride the increasing expectations.
2) Identify companies that are on the way to successfully realizing the potential of technologies that are new but where the shine has worn off. For example: enterprise 3d printing, virtual reality, and cloud computing.
Virtual reality, as an example, was cool around 15 years ago. Now people have forgotten about it. However, there are companies that are on the verge of revolutionizing the field and it will be in the news again soon.
Technology
Visualizing AI Patents by Country
See which countries have been granted the most AI patents each year, from 2012 to 2022.
Visualizing AI Patents by Country
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
This infographic shows the number of AI-related patents granted each year from 2010 to 2022 (latest data available). These figures come from the Center for Security and Emerging Technology (CSET), accessed via Stanford University’s 2024 AI Index Report.
From this data, we can see that China first overtook the U.S. in 2013. Since then, the country has seen enormous growth in the number of AI patents granted each year.
Year | China | EU and UK | U.S. | RoW | Global Total |
---|---|---|---|---|---|
2010 | 307 | 137 | 984 | 571 | 1,999 |
2011 | 516 | 129 | 980 | 581 | 2,206 |
2012 | 926 | 112 | 950 | 660 | 2,648 |
2013 | 1,035 | 91 | 970 | 627 | 2,723 |
2014 | 1,278 | 97 | 1,078 | 667 | 3,120 |
2015 | 1,721 | 110 | 1,135 | 539 | 3,505 |
2016 | 1,621 | 128 | 1,298 | 714 | 3,761 |
2017 | 2,428 | 144 | 1,489 | 1,075 | 5,136 |
2018 | 4,741 | 155 | 1,674 | 1,574 | 8,144 |
2019 | 9,530 | 322 | 3,211 | 2,720 | 15,783 |
2020 | 13,071 | 406 | 5,441 | 4,455 | 23,373 |
2021 | 21,907 | 623 | 8,219 | 7,519 | 38,268 |
2022 | 35,315 | 1,173 | 12,077 | 13,699 | 62,264 |
In 2022, China was granted more patents than every other country combined.
While this suggests that the country is very active in researching the field of artificial intelligence, it doesn’t necessarily mean that China is the farthest in terms of capability.
Key Facts About AI Patents
According to CSET, AI patents relate to mathematical relationships and algorithms, which are considered abstract ideas under patent law. They can also have different meaning, depending on where they are filed.
In the U.S., AI patenting is concentrated amongst large companies including IBM, Microsoft, and Google. On the other hand, AI patenting in China is more distributed across government organizations, universities, and tech firms (e.g. Tencent).
In terms of focus area, China’s patents are typically related to computer vision, a field of AI that enables computers and systems to interpret visual data and inputs. Meanwhile America’s efforts are more evenly distributed across research fields.
Learn More About AI From Visual Capitalist
If you want to see more data visualizations on artificial intelligence, check out this graphic that shows which job departments will be impacted by AI the most.
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