Machine Learning is the new buzz word and AI is the slang word these days. What does happen in this exiting field in Europe? Is AI common ground for all businesses or the exclusive territory for a few? Who has managed to validate a business model for autonomous vehicles or chatbots?Whatdoesdata-drivenor API-firstbusinessmodelslook like? With this report we want to provide a comprehensive review of investment in startups and high-growth AI and Data Analytics companies across 22 countries in Europe.
From virtual assistants to driverless cars, technology imitating human intelligence is on the rise. But at what ethical cost and how do boards future-proof their organisations in the face of rapid change? Earlier this year, a Japanese insurance company made headlines for doing something that company executives and directors around the world have been anticipating - and fearing - for years. Fukoku Mutual Life Insurance made 34 of its staff redundant and replaced them with artificial intelligence (AI) system IBM Watson. Japanese newspaper The Mainichi reported the company will be using Watson to determine payout amounts and check customer cases against their insurance contracts. Evidently, the future of AI is already here and technology has been changing the world at a dramatic pace.
China is one of the foremost nations embracing a fully connected society. In many major Chinese cities, sensor-filled machines that accept digital payments and support public data-collection are commonplace. Such technologies are found in supermarkets, malls, and even on sidewalks -- Chinese panhandlers have notably used the WeChat platform to collect donations from passersby. Already, China's mobile payments market is nearly 50 times that of the U.S.'s. China represents a significant investment opportunity for breakthrough innovations in digital industries.