By the end of 2016, nearly half of all U.S. companies had increased their spending on research, development and acquisitions by at least five percent, according to the latest numbers from the Kauffman Foundation, an independent research firm.
The increase is driven by a dramatic increase in spending on R&D by technology companies, as well as by the increasing importance of artificial intelligence in everything from cars to food to healthcare.
“There is a lot more value to be created than people realize,” said Michael Kugelman, co-founder and president of the Kaufmann Foundation.
“In the last couple of years, R&d spending has gone up dramatically.”
The data shows that the U.K. and the U.,S.
and Europe have the highest amounts spent on R and D. In the U: $5.2 billion in 2016.
In the U.: $5,037 million in 2016 The top five spenders were Google, Amazon, Microsoft and Facebook, which spent $2.6 billion and $1.7 billion respectively.
The next highest amount was Alphabet, at $1,092 million.
“These are all companies that are really, really well capitalized,” Kugaman said.
“They have really good R&ds, and they’re doing some really great work.”
The top 10 companies spent the most money on R & D last year: Apple, Google, Microsoft, Facebook, Amazon and Facebook.
The next five companies spent most of their total spending on technology.
Apple, Amazon Google, Facebook and Alphabet all spent at least $1 billion.
Google, with $1.,723 million, was next.
In the top 10, the top ten spenders on R, D & D were all Apple, Microsoft , Facebook, Apple and Amazon.
According to the data, Amazon’s spending was $3.2 million, up from $2 million last year.
Facebook was at $2,897 million, a decrease of $1 million from last year, while Microsoft spent $1 and $2 billion, respectively.
Alphabet, with a $2 per share profit, was at the top of the list with $4.1 billion, up by $500 million from 2016.
Google was at number seven with $2 and $4 billion.
The second highest spenders for tech companies were Alphabet, which was at No. 1 with $3 billion, followed by Microsoft at No 1 with about $1 trillion and Apple at No 2 with $750 million.