Technology

Happy 20th Birthday to Amazon

Published

10 years ago

July 31, 2014

Jeff Desjardins

Happy 20th Birthday to Amazon

The world’s largest e-commerce site, Amazon, turned twenty this month. What started off as simply an online bookstore has gone on to become a titan of retail, changing the game for many industries.

At the core of Amazon’s strategy is innovation and change, led by a management team that does not fear challenging the status quo. Who would of thought a book retailer would create a technology that stores thousands of books in your hands? Amazon knows its strengths and it applies it to industries and product categories that it can implement its best practices to. If it had played the safe route and been a one trick pony, Amazon would have been an afterthought by now.

However…

Amazon might be going too far with this strategy and spreading itself too thin. Last year, Amazon had revenues of $74.45 billion and netted only $274 million, a profit margin of just 3.7%. Last quarter, it posted a loss of over $100 million, off of $20 billion revenue. Amazon has never been a huge profit generator, and some are questioning its business model. Heavy investments into every new opportunity you can imagine dampens the likelihood that the company will post a profit, and this has been a criticism of CEO, Jeff Bezos.

Time will tell if Amazon will be celebrating another 20 years. On the bright side, it’s selling customizable 3D printed bobble heads!

Original infographic from: dpfoc.com

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Technology

Visualizing AI Patents by Country

See which countries have been granted the most AI patents each year, from 2012 to 2022.

Published

20 hours ago

April 24, 2024

Marcus Lu

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.