Tech-focused companies have been investing heavily in the fields of robotics, artificial intelligence, and deep learning, but they’re not seeing much success.
In the first quarter, for instance, Google reported revenue of just $7.3 billion, compared with $18.7 billion for the same quarter last year.
That’s a big drop.
In addition, the number of companies investing in artificial intelligence in the U.S. fell to 12,939 in the first three months of 2017 from 16,814 in the same period last year, according to a new report from the consulting firm McKinsey & Co. While it’s still the second-largest industry, it’s not as big as in China.
The report estimates that China’s AI market is expected to grow to $27.3 trillion by 2021.
The report does not offer a projection for the next three years.
It also did not provide a projection of how much of the overall AI market would be affected by the new immigration restrictions.
However, the report does suggest that, by 2021, the market for AI-related services would be smaller than it is now.
McKinsey & co. also found that the market share of robotics companies has shrunk by more than 40% since 2016.
According to the McKinsey report, this decline was primarily due to a rise in automation and machine learning technology.
The decline in AI is due to the increase in automation that’s been occurring in robotics, which has resulted in the creation of robots that can learn and automate tasks.
The number of jobs that are being automated has also dropped.
As a result, the value of the robots themselves has declined, which also has impacted the cost of the robot itself.
McKinsey estimates that in 2021, only about one in 10 jobs will be automated, which is down from 1 in 10 in 2017.
The growth in automation also comes as the market is increasingly becoming reliant on artificial intelligence.
McKinsey also found out that in 2020, there were just under 2 million AI jobs worldwide, compared to almost 3 million in 2020.
In 2021, that number will rise to 4 million.
In a separate report, the McKinley report also found there are fewer opportunities for AI and machine intelligence to develop in the United States than in other countries.
As of the third quarter of 2017, the U:AI market had $4.2 billion in revenue, but that was down from $9.5 billion in 2020 and $21.6 billion in 2017, according, the research firm.
The United States is now one of the countries with the highest number of AI jobs.