While some of this growth is being driven by companies like Amazon that have put a lot of resources behind this technology, much of the growth is coming from startups.
According to index.co, as of 6 May, there are some clear leaders in the artificial intelligence investment sector.
Intel Capital has invested in 51 AI ventures, while 500 Startups has put their money behind 45 investments. Other notable investment firms, like Y Combinator, have backed 32 AI centered startups.
These companies are working on software that deals with natural language processing, machine learning, speech recognition, and deep learning, all developments encompassed by artificial intelligence.