The AI Maturity Journey: What Does It Mean to Be An AI Company?

There's no existing classification for what makes a company an "AI company." Unfortunately for some, AI is just a buzzword that gets tacked onto marketing materials to attract funding. Startups are leveraging AI, and while this has brought some truly innovative solutions to the market, it's also been the spawning ground of a lot of fake AI startups. One of the most telling surveys of 2019 was conducted by London-based MMC Ventures, where it was revealed that 40% of Europe's AI startups are not using any AI at all. This might seem to be a controversial finding, but for many of us who work with AI on a daily basis, it's not particularly surprising.