Who Is Going To Make Money In AI? Part I – Towards Data Science

Billions are being invested in AI startups across every imaginable industry and business function. Google, Amazon, Microsoft and IBM are in a heavyweight fight investing over $20 billion in AI in 2016. Corporates are scrambling to ensure they realise the productivity benefits of AI ahead of their competitors while looking over their shoulders at the startups. China is putting its considerable weight behind AI and the European Union is talking about a $22 billion AI investment as it fears losing ground to China and the US. From the 3.5 billion daily searches on Google to the new Apple iPhone X that uses facial recognition to Amazon Alexa that cutely answers our questions.