Between 2018 and 2019, the artificial intelligence market is expected to grow by 154 percent, reaching a $14.7 billion market size. While some of this growth is being driven by companies like Amazon that have put a lot of resources behind this technology, much of the growth is coming from startups.
According to index.co, as of yesterday, there are some clear leaders in the artificial intelligence investment sector. Intel Capital has invested in 51 AI ventures, while 500 Startups has put their money behind 45 investments. Other notable investment firms, like Y Combinator, have backed 32 AI centered startups. These companies are working on software that deals with natural language processing, machine learning, speech recognition, and deep learning, all developments encompassed by artificial intelligence.
Our partners at BCI Summit are hosting a private event from May 10th to the 12th where C-suite investors, family offices and corporations active in the disruptive technology space can network and learn from each other as well as meet global founders. For registration information, sign up here: BCI Summit.