💡 Top Software & Services Companies Boost R&D Budgets Amid AI Pivot

What We’re Showing

This chart shows how R&D spending has changed for major software companies between 2022 and 2023.

Data is sourced from the Global Innovation Index 2024, an annual report produced by the World Intellectual Property Office. 

Key Takeaways

Adobe leads the top companies in the “ICT” (Internet Communication Technology) software space when it comes to R&D spending growth in 2023. 

In 2023, it launched Adobe Firefly, a suite of AI tools that allows users to generate images and text effects effortlessly through intuitive prompts.

Leaders from the previous year, Uber and Meta (+30% in 2022) both increased budgets in 2023, but by a smaller amount.

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