The Age of Artificial Intelligence in Fintech

Artificial intelligence (AI) is all the buzz this year. According to CB Insights, as of June 15, this year, more than 200 AI venture financing deals have been completed already totaling $1.5B in dollar volume. If the latter half of the year continues at this pace, 2016 will be a record year. Based on analysis by CB Insights, most of the deals being done are at a series B or C stage, indicating that startups in this space are beginning to see success. AI, as most people now know, has several applications in health technologies, marketing & sales, business analysis and financial services.