Companies with the highest spending on research and development 2022
Leading by innovation
Spending money on research and development, or R&D, is how a company innovates new technologies and conducts research to develop new products and services. R&D allows companies, such as Amazon, to stay ahead of their competition and work towards the future. Most of the R&D spending in the world is in 2021 was within health & pharma, which should be seen in light of the COVID-19 pandemic, and the United States is the leading country for R&D expenditure in the world.
AI and R&D
Currently, many companies are investing in Artificial Intelligence (AI) innovation, including the ethical implications of AI and how it can be used to better society as a whole. Major companies, such as Amazon and Alphabet, are throwing their collective weight into this issue and conducting research into its future applications.