Investment in artificial intelligence startups hit a record high of $59 billion in 2021, up from $28 billion in 2020, according to Crunchbase data.
Venture investment in AI startups will only continue to rise in the next five years. That’s because AI has finally reached a tipping point where it is powerful and affordable enough to make a real economic impact on diverse industries.
AI is a broad category, but generally encompasses all “intelligent” software that can learn from itself in some capacity. This can include machine-learning platforms and the software used by robots, and self-driving vehicles to interpret the environments around them.
For decades, AI has been developed and used by computer scientists to train all kinds of autonomous systems. But what’s changed today is that AI is no longer stuck in the lab; it’s the backbone of fast-growing startups with the potential to become multibillion-dollar businesses.
Today, companies in industries as diverse as finance, retail, health care, food production, manufacturing, logistics and transportation are deploying AI to improve everyday business processes, automate their workflows and, sometimes, to introduce autonomous robots.
Continue reading: https://news.crunchbase.com/news/ai-startups-venture-capital-investment-kevin-dunlap-calibrate-ventures/?utm_source=cb_daily&utm_medium=email&utm_campaign=20220408&utm_content=intro&utm_term=content
Venture investment in AI startups will only continue to rise in the next five years. That’s because AI has finally reached a tipping point where it is powerful and affordable enough to make a real economic impact on diverse industries.
AI is a broad category, but generally encompasses all “intelligent” software that can learn from itself in some capacity. This can include machine-learning platforms and the software used by robots, and self-driving vehicles to interpret the environments around them.
For decades, AI has been developed and used by computer scientists to train all kinds of autonomous systems. But what’s changed today is that AI is no longer stuck in the lab; it’s the backbone of fast-growing startups with the potential to become multibillion-dollar businesses.
Today, companies in industries as diverse as finance, retail, health care, food production, manufacturing, logistics and transportation are deploying AI to improve everyday business processes, automate their workflows and, sometimes, to introduce autonomous robots.
Continue reading: https://news.crunchbase.com/news/ai-startups-venture-capital-investment-kevin-dunlap-calibrate-ventures/?utm_source=cb_daily&utm_medium=email&utm_campaign=20220408&utm_content=intro&utm_term=content
