Amazon recently beat out the previous leader, Volkswagen, to become the biggest corporate spender on research and development in the world.
It’s now ahead of pharmaceutical and car companies, the previous R&D leaders. Technology is now embedded in the future of nearly every industry including the future of the web (voice), automotive industry (self-driving cars) and retail (e-commerce and automated convenience).
Amazon, Alphabet, Intel, Microsoft and Apple are leaving more legacy companies behind in how innovation and the cloud are advancing the new economy. Interstingly Apples R&D spending grew from $4 billion in 2013 to over $10 billon in 2016. Read more here: https://finance.yahoo.com/news/tech-companies-lead-way-r-102716011.html
