Artificial Intelligence deals in New York set to surpass 2015 totals

Google, Amazon, Apple, IBM, Yahoo, Facebook, Intel, and Salesforce are all hustling to either invest in new artificial intelligence technology or acquire it outright both in New York and in other hubs across the USA. Lumped into this category are a variety of innovations, including image processing, natural language, machine learning and predictive APIs (application program interface). To find out how much activity has been going on within the AI sector in Silicon Alley, the New York Business Journal tapped PitchBook for help. PitchBook expects that as more AI technology gets integrated into different categories -- business intelligence, e-commerce, and healthcare -- the number of deals this year will surpass 2015 totals, both in terms of volume and capital invested (see the infographic above). According to previous coverage, a wide majority of deals across the U.S. (between 2010 to 2015) were seed stage, accounting for 50 percent of overall activity in 2015.