Looking to get funded in 2015?
Why not add some elements of the “The Terminator” & “The Matrix” to your Startup Business model.
Funding increased 302% for Artificial Intelligence (AI) Startups in 2014. Pouring in over $309.2 million in over 40 deals. That’s more than 20-fold in just 4 years from $14.9 million in 2010.
Artificial Intelligence Startups are those that work in NLP, machine learning, deep learning and predictive APIs among other core applications.
The rebirth and mini-boom of an Artificial Intelligence industry can give thanks to iconic tech entrepreneurs and investors like Microsoft, Facebook, Google, and Amazon. Google set the funding stage in January 2014 with $400M acquisition of Deep Mind Technologies.
Deep Minds Technology’s recent achievement includes a computer that learns how to play video games similar to humans, while possibly mimicking short-term memory of the brain.
It’s examples like these, which mesh together science fiction and startup innovation, that has investor interest in A1 so hot. “Many AI companies have raised significant money without any product plans.” Said Scaled Inference Inc. Founder Olcan Sercinoglu.
Falling technology costs have also helped catapult AI startups. Processing large amounts of data, the core of AI work, is now cheaper as computer chips have gotten faster and the costs associated with storing and accessing data have dropped.
The backbone of any great startup is “What Problem Inspired Your Business? And What is your Solution.” AI Startups ultimately provide clever tools to solve both corporate and consumer problems. “Solving Intelligence,” by building learning algorithms to better understand and predict human behavior, among other uses.
Consumers and investors alike are witnessing and investing in, computer brains or AI tools, resulting in an increasingly powerful edge to the information age.
The evolution of human super intelligence is at a noticeable tipping point, set to have a massive impact at both an individual and global scale. As a Startup Entrepreneur the questions remains will you be part of the problem? or part of the solution?