AI is in full gold rush mode. Every day we hear headlines of AI companies raising vast sums of capital to give them the resources to prospect the veins of AI gold. The money is flowing to these new frontiers. In the US venture capital funding for AI grew 72% year over year to a whopping $9.3B in 2018. Dataminr, a New York based AI and machine learning company that makes sense of news and information in real time, raised US$392 million in 2018, for example.

In the early 50s, the power of data started to become clear. We could sense that data was something of value, but nobody knew how to use it and what kind of information could be valuable. In 2012, according to the Guardian, only 0.5% of all data was analyzed. In 2017, the Economist claimed that "data would replace oil as the world's most valuable source". Even if many people would compare data and oil, they did not mention the fact that data was very different from oil.

AI is in full gold rush mode. Every day we hear headlines of AI companies raising vast sums of capital to give them the resources to prospect the veins of AI gold. The money is flowing to these new frontiers. In the US venture capital funding for AI grew 72% year over year to a whopping $9.3B in 2018. Dataminr, a New York based AI and machine learning company that makes sense of news and information in real time, raised US$392 million in 2018, for example.