InstaDeep raises $100M to inject enterprise decision-making with AI

AI has the potential to generate meaningful returns for the enterprise. Responding to a 2018 PricewaterhouseCoopers survey, 54% of business executives say that their adoption of AI within the workplace has led to a boost in productivity. A separate 2019 McKinsey report found that 44% of firms using AI achieved a reduction in business costs in departments where AI is implemented. But barriers stand in the way of deployment, including a lack of production-grade data and expensive tools and development processes. Among the top challenges enterprises face in adopting AI is an absence of in-house talent.