Which products haven't been imbued with artificial intelligence (AI) at this point? In 2018, analysts pegged the global AI market at a whopping $7.35 billion, buoyed by the influx of machine learning-aided image recognition, object identification, detection, and classification, and geophysical detection startups, apps, and services in every conceivable sector (and particularly enterprise). But as with all promising technologies, not every AI startup, app, and service will pan -- or has panned -- out, and it becomes harder with each passing day to separate the wheat from the chaff. Fortunately, the folks at CB Insights have taken the bull by the horns. They today published their third annual cohort of AI startups -- a compilation of 100 of the most promising companies (whittled down from a pool of over 3,000) providing hardware and data infrastructure for AI apps, optimizing machine learning workflows, and applying AI across a range of industries.
Artificial intelligence (AI), in its many forms including self-driving cars, robo-advisors, mechanical baristas, and state-run facial recognition campaigns will go ahead and continue to redefine how individuals work and have their views about school, work, government, and daily life. AI startups have been marching ahead in the technology bandwagon gaining funding in a world where supergiant rounds are now quite common. The top well-funded AI startup to date, SenseTime has brought a funding in a total of $1.6 billion. Most recently, in May 2018 the company raised $620 million in a Series C round led by Tiger Global Management and Fidelity International. This round raised SenseTime's valuation to more than $4.5 billion, making it the world's most valuable artificial intelligence startup.
From powering personalized career sites that recommend open positions that are ideal for a given candidate based on their capabilities as eightfold.ai AI and machine learning have the potential to create an additional $2.6T in value by 2020 in Marketing and Sales, and up to $2T in manufacturing and supply chain planning according to the McKinsey Global Institute. Please see the latest roundup of machine learning forecasts and market estimates, 2019 for more market data on machine learnings' exponential growth. Alation - Alation offers a machine learning data catalog to help people find, understand, and trust data across their organizations. They've defined their solution to align with the needs of four dominant personas, including Chief Data Officers, Analysts, Stewards, and IT and Engineering. Their Data Catalog is known for its usability and intuitive design. More than 100 organizations, including the City of San Diego, eBay, Munich Re, and Pfizer, have adopted the Alation Data Catalog.
Europe is a hotbed of AI innovation. Here are 25 AI start-ups to watch out for in 2017 and beyond. There are literally hundreds of promising companies pushing the boundaries of artificial intelligence and machine learning in Europe. We've included a number of Israel-based start-ups because they too fall into the sphere of influence of European investors. And, judging by recent acquisitions of Israel-based machine vision and AI companies by players like Apple and Intel, they are definitely producing the goods.
It knows the videos we might like. And it can even, perhaps, recommend the best course of action to take to maximize our personal health. Artificial intelligence and its subset of disciplines--such as machine learning, natural language processing, and computer vision--are seemingly becoming integrated into our daily lives whether we like it or not. What was once sci-fi is now ubiquitous research and development in company and university labs around the world. Similarly, the startups working on many of these AI technologies have seen their proverbial stock rise.