The technology industry is navigating a landscape of evolving trends in artificial intelligence (AI) with fluctuations in patent applications and a surge in strategic deals and investments. This dynamic environment underscores the industry’s commitment to advancing AI technologies, as reflected in the significant growth in job postings across various AI-related roles. The industry’s emphasis on innovation and collaboration in AI is driving transformative advancements, positioning technology companies at the forefront of AI adoption worldwide. The impact of AI extends beyond the technology sector, influencing various industries. GlobalData’s artificial intelligence market report provides comprehensive analysis of the market. Buy the report here.
This article presents a quarterly round-up of the latest trends in the technology industry regarding AI. It provides an overview of recent developments in AI-related deals, talent acquisition, and patent filings within the technology industry.
The industry experienced a 12% decline in the number of AI-related patent applications in Q1 2024 compared with the previous quarter. On an annual basis, the number of AI-related patent applications in the technology industry witnessed a rise of 4% compared with Q1 2023.
Strategic deal trends in artificial intelligence in technology industry
Technology companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in AI. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of AI in the technology industry.
In Q1 2024, the number of AI-related deals in the technology industry grew by 31% compared with Q1 2023. On a quarterly basis, there was 13% increase in the number of deals in Q1 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q1 2024, the technology industry experienced a 37% growth compared with the previous quarter. On an annual basis, job postings also grew by 64%. Notably, computer and mathematical occupations, with a share of 34%, emerged as the top AI-related job roles within the technology industry in Q1 2024, with new job postings rising by 18% quarter-on-quarter. Management occupations came in second with a share of 15% in Q1 2024, with new job postings rising by 21% over the previous quarter. The other prominent AI roles include architecture and engineering occupations with an 8% share in Q1 2024, and sales and related occupations with a 5% share of new job postings.
ASM International, Microsoft, Salesforce, Accenture, and Alphabet are among the top companies leading in AI hiring within the technology industry.
Countries driving adoption of artificial intelligence in technology industry
The US is the leading country in AI adoption within the technology industry, boasting the highest number of AI-related patents, jobs, and deals. Meanwhile, China, the UK, South Korea and India also maintain significant positions in AI adoption within the technology industry.
In conclusion, the technology industry's strategic investments and partnerships in artificial intelligence underscore its commitment to innovation, as evidenced by the significant patent activity. These developments not only drive transformative advancements but also create opportunities for job growth and impactful deals, propelling AI adoption forward.
To further understand GlobalData's analysis on artificial intelligence in the technology industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData patent analytics tracks patent filings and grants across companies and themes. Proprietary databases on deals and job analytics are used to respectively monitor global deal activity and uncover insights from daily job postings to identify trends, company activities, and industry dynamics across different sectors globally.
