In line with a rocky and uncertain economic climate, the pace of investments flowing into the red-hot artificial intelligence technology space has cooled somewhat this past year. Things are still red hot, however, and AI is seeing a lot of progress, mitigated by concerns over safety and responsibility. Interestingly, much of its development has moved out of labs and into commercial ventures. These are the conclusions drawn by two leading venture capitalists in the tech space, Nathan Benaich of Air Street Capital and Ian Hogarth of Plural, outlined in their annual summary of the state of AI. The report covers all facets of AI, from developments with DeepMind to NVIDIA's rapidly expanding processing capabilities.

The state of artificial intelligence is promising, and it is increasingly ready for real-life enterprises. But there are shortages of talent, lack of diversity in the field, and concerns about the handling the data that fuels ever-more-sophisticated algorithms. These are some of the observations of Nathan Benaich and Ian Hogarth, prominent investors in artificial intelligence, who released their fourth annual and densely packed "State of AI" report reviewing developments in the field over the past year. While the report focuses on AI academia and specific advancements in medicine and other areas, there are important developments raised for those seeking to leverage AI and machine learning to move forward in building intelligent enterprises. "The under-resourced AI-alignment efforts from key organizations who are advancing the overall field of AI, as well as concerns about datasets used to train AI models and bias in model evaluation benchmarks, raises important questions about how best to chart the progress of AI systems with rapidly advancing capabilities," Benaich and Hogarth state.