Bloomberg has released the 2020 edition of its yearly “Innovation Index,” ranking the world's 60 most innovative economies worldwide, and the United States has dropped to 9th place overall.
Though it occupied the no. 9 spot, the U.S. actually ranks first in both patent activity and high-tech density. This shouldn't come as a big surprise given that the Big Five tech companies – Apple, Microsoft, Alphabet (parent company of Google), Facebook, and Amazon – all call the US home. The country has the highest overall density of tech companies in the world. Each of the Big Five has a significant influence on their own in the patent market and there is an ever-expanding ecosystem of both startups and established companies whose products and patents depend on at least one of the Big Five, whether it is for hardware support or cloud-based computing services.
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