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Has artificial intelligence (AI) really gone sentient? This has been the buzzing trend of the technology industry, ever since Google engineer claimed an unreleased AI system had become sentient. Blake Lemoine, a software engineer for Google, claimed that a conversation technology – Language Model for Dialogue Applications (LaMDA), a family of conversational neural language models developed by Google, had reached a level of consciousness after exchanging thousands of messages with it. Since then, The Week's research team has noticed that venture capital (VC) funds from across the world are taking special interest with strategic investments into the AI industry. Today, here at The Week, we caught wind of a substantial undisclosed amount by notable blockchain industry venture capital fund ' The Bitcoin Man ', into Solidus AI Tech (AI-Tech.io),
We sat down with Spiros Margaris, Venture Capitalist at Margaris Ventures and AI Influencer to discuss the state of VC funding of AI and Fintech startups and how crazy thoughts could be the start of an AI business. I have spent most of my professional career in the hedge fund and startup world. I also founded my own startups in New York during the dotcom era, so I know what it means when things don't go as planned, and what it can mean personally, with all the bitter consequences. I have been primarily involved in the fintech, insurtech and AI space as an investor and advisor through my firm Margaris Ventures. I have been a keynote speaker at major technology and banking events, where I have been fortunate to meet very interesting people and exchange thoughts and ideas.
"A picture is worth a thousand words. An interface is worth a thousand pictures." If an interface is worth 1,000 pictures, then the eighteen product demos we were treated to at the InVest 2019 Conference, which was held at the New York Marriot Marquis, were worth 18,000 pictures, which would be worth a total of 18,000,000 words! But you don't have to read 18,000,000 words to catch up on all of the demos. We got a quick review right here! I really like the demo format that Invest uses with their illustrious panel of industry veterans acting as judges. After each demo, the judges provide feedback on what they saw, what they liked and even what they didn't like. This information is valuable to the audience since it gives them an instant analysis of what was just presented.
"Those three make a lot of sense," says Charles Moldow, a general partner at Foundation Capital, a venture-capital firm in Palo Alto, Calif. "These are the areas we are most focused on," he says. Artificial intelligence has benefited from advances in processing power and analysis that are opening myriad new ways to create products. Meanwhile, growing attention to cryptocurrencies has helped persuade a crop of highly skilled entrepreneurs to work on putting the underlying blockchain technology to various uses. As for the third: "Cybersecurity should be a perennial anchor on the list," Mr. Moldow says.
These include H20.ai - an open source machine learning One; Active.ai - a conversational AI platform used by over five large Ms. Patwardhan shared her perspective from her past experiences in Facial recognition is the face of future for video banking. Not in the database yet was the verdict! Ms. Patwardhan highlighted that biometrics and digital identity can "One rolls its eyes cutely while greeting customers and the other "Has anyone watched Black Mirror?" she asked. "AI will continue to grow and have many positive