Why AI and VR Startups Should Be Targeting the Music Industry


Virtual reality and artificial intelligence, once limited to video game and programming curiosities, have shed their humble beginnings and are now poised to take over everything from the way we drive to the way we work. The more than 1,325 VR startups on Angel.co have an average valuation of $5 million. That's more than $6.6 billion in startup VR funds alone, not to mention all the established companies working feverishly to develop their own VR solutions. With the VR market poised to reach $70 billion by 2020 -- up from $6.7 billion in 2016 -- everyone now wants a slice of a pie that's suddenly much bigger than expected. From IBM's Watson to the Alexa and Google assistants now found in homes around the world, the ascension of AI in popular culture has been no secret.