Run the numbers 1,000 ways, and the outcome never flips: China overtakes the United States on PPP-adjusted R&D spending well before 2030. Our 1,000-run Monte Carlo model, seeded with OECD and World Bank data, puts the narrowest gap at 30%, the median at 58% when considering recent cuts to the National Science Foundation. Tariff hikes,…
Who were 2024’s top patent and R&D leaders in computing, pharma, medtech and beyond?
Industrial and commercial sectors often measure innovation by market capitalization and R&D spending, but these metrics fail to capture the full picture. Tech companies dominate market headlines with AI product launches and chip releases — and our own ranking of most innovative firms of 2024. In addition, tech firms currently hold the top market cap…
Top 30 R&D spending leaders of 2023: Big Tech firms spending hit new heights
In 2023, the world’s top companies invested hefty sums in R&D, with tech giants like Amazon, Alphabet, and Meta leading the pack. Amazon alone poured $85.622 billion into technology and infrastructure, which includes R&D. The Seattle-headquartered company’s spending reflects Amazon’s ambition to lead not just in e-commerce, but in a growing number of fields ranging…