Israel’s AI Startup Landscape is Propelling the Country Ahead in the Global AI Race
Artificial intelligence (AI) has become ubiquitous across the industry verticals. From boardroom discussion to a trending topic in news, artificial intelligence has managed to capture the attention of every tech enthusiast worldwide. With organizations cashing the benefits of its application, this tech discipline has managed to live up to its hype.
While the tech war between USA, China, European Union and other prominent nations escalates, Israel too aims to lead the race. Some surveys have found that Israel ranks among the top 5 countries in the world for AI solutions. Further, it has more AI companies and startups per capita than the market leader USA. Tel Aviv is emerging as a popular artificial intelligence city hub and is at par with the likes of Silicon Valley, London and Beijing. Its close network of universities, access to the Asian and American capital markets, close cooperation with the military and the government, help Israel to rise to the status of a strong AI player in market.
Overview of Israel’s AI Market
As per one research, Israel’s AI ecosystem that grew from 512 companies in 2014 to 1,150 by the end of 2018 – a 120% increase in a span of 4 years. This includes companies…