AI Sector Overviews Articles and Reports
Artificial intelligence “sector overview” reports are designed to help business leaders explore the possibilities and important AI trends across industries. Search our sector overview reports below:
The Allstate Corporation, or simply ‘Allstate,’ was founded by Sears, Roebuck & Co., then-president General Robert E. Wood in 1931. Auto liability insurance began as the company’s flagship product and remains so today. The company added various coverage types throughout the 50s and 60s, including commercial, health, life, and personal liability insurance.
Verizon is the second-largest telecommunications company by revenue and the largest by market capitalization. The company is also the largest wireless provider in the United States with a reported 143 million subscriptions. In its 2021 annual report, the company reported revenues of $126.3 billion. Verizon is traded on the NYSE with a market cap of approximately $194.5 billion. The company employs over 118,000.
Per Alibaba’s annual report, its revenue in 2021 exceeded 717 billion yuan (approximately 109 billion U.S. dollars), while its active yearly customers reached nearly 1.3 billion people. As of March 2022, Alibaba trades on the NYSE and has an approximate market cap of $225 billion.
The company that would become PayPal Holdings first entered the electronic payments space in 1999, a year after being founded as Confinity. Confinity merged with Elon Musk’s x.com in 2000 and was renamed PayPal the following year. The company went public in 2002 shortly before its acquisition by eBay, through which it became “the site’s official payments provider.” eBay spun off PayPal as an independent company in 2015.
Dick and Mac McDonald opened the first McDonald’s restaurant in San Bernardino, California in 1940. By the end of the decade, the restaurant added its now-famous French fries. Ray Kroc joined the growing organization in 1954, purchased it in 1961, and served as its CEO into the early 1970s. Over the next decades, the restaurant chain grew, adding its drive-thru concept, Hamburger University, and iconic menu items like its Filet-O-Fish, Big Mac, and Quarter Pounder sandwiches.
Netflix launched in 1997 as a mail-based DVD rental business. Alongside the growing US DVD market in the late 1990s and early 2000s, Netflix’s business grew and the company went public in 2002. Netflix posted its first profit a year later. By 2007, Netflix introduced its streaming service, and by 2013, the company began producing original content.
Founded in 1984 by two computer scientists from Stanford University, Cisco Systems developed the local area network (LAN) concept and achieved a market capitalization of $224 million by the time of its IPO in 1990. Today, Cisco manufactures and markets telecommunications technology as well as other high-technology products and services.