The most innovative company in 2018
Amazon spent nearly $23 billion on research and development in 2018
Amazon topped the list of 1,000 major global companies in terms of spending on research and development (R&D) over the past one year, with a spending of $22.6 billion, reports Gadgets360. Amazon was followed by Alphabet, Google’s holding company, with $16.2 billion. German automaker Volkswagen was placed third with $15.8 billion.
According to Howmuch.com, much of Amazon R&D budget goes to things like natural language processing (Alexa), web hosting services and logistics. Even still, Amazon easily surpasses the outlay of Alphabet, which is famous for its “moonshot” innovation projects.
