Startups work AI into their pitches even if their businesses aren't really oriented around the technology. And even though big tech firms like Google and Facebook get a lot of the attention, I believe it is the startups that will drive the AI disruption wave. Here are a few questions I'd pose to any AI startup, bearing in mind that there are no typical VCs and no typical startups: The bottom line: VCs who know the segment will quickly be able to see, or see-through, the depth of your AI knowledge. To ensure your credibility and be taken seriously as an artificial intelligence startup, if you say you're doing AI, show it.
Artificial intelligence (AI) is the hot technology for Silicon Valley startups (I've personally talked to 15 AI startups in the past year). In fact, AngelList currently lists more than 2,000 AI startups with an average valuation of $5 million. In his TED Talk, digital visionary Kevin Kelly described AI as the next revolution, and his simple formula for startups is to "solve a problem using AI." And, IDC projected the AI market will reach more than $47 billion by 2020, with 62% of enterprises adopting the technology by next year. Interestingly enough, AI adoption isn't limited to startups.
A startup incubator is a collaborative program that helps new startup to grow. It aids entrepreneurs in solving discrepancies associated with running of startup. Globally, incubators have become a biome with an array of initiatives that motivate and back economic growth. However, talking about India, incubators are a recent phenomenon, which is sure to upswing in the coming days. In this article, we have tried to focus on some incubators trends for startups that we expect in 2020.
How do we disrupt a tech culture that's made it difficult for women entrepreneurs to access capital? The thing is, there are plenty of talented women out there, and we need to continue to put our money where our mouths are and actually fund startups led by women. Funding disparities for women-led tech startups is a global issue. Only 10% of all global investor money goes to women-led startups, yet women-led companies yield a 35% higher return than those led by men. We've gotta do better, and that's what we're aiming to do in the Women Startup Challenge Europe.
Estimated at $113 million in 2015, the chatbot market is expected to reach $994.5 million by 2024. Since Facebook launched the bots on Messenger, the market has not ceased to develop by creating a real craze around the Virtual Robots. With the Democratization of AI Technologies, Chatbots are becoming a true pillar of Customer Relationship Management, driving adoption among enterprises. In France, 35 Chatbots Startups has been detected by myFrenchStartup, the data-driven platform of the French Startup Ecosystem: 22 Startups are targeting the professional services market while 13 startups are leading the consumers services market. With 33% of these Startups created in 2016 and 75% based in Paris, the French Chatbot market is only in its embryonic stage.