“Just over half of businesses said they would spend $500,000 to $5 million on A.I. initiatives this year, up from 34% in 2020, according to a survey released on Tuesday by data labelling firm Appen. The No. 1 reason companies invest in A.I. is to ‘support internal IT operations.’ The second is to ‘improve understanding…
Tag: ai investment
Gartner: AI and data science to drive investment decisions rather than “gut feel” by mid-decade
“Instead, AI and data analytics will inform more than three-quarters of “venture capital and early-stage investor executive reviews,” according to a Gartner report published earlier this month. “The traditional pitch experience will significantly shift by 2025, and tech CEOs will need to face investors with AI-enabled models and simulations as traditional pitch decks and financials…
AI startups raised $6.9 billion in Q1 2020, a record-setting pace before coronavirus
“According to data from the National Venture Capital Association, 285 AI-related companies in the U.S. raised $6.9 billion in the first quarter of 2020.” https://www.google.com/amp/s/venturebeat.com/2020/04/14/ai-startups-raised-6-9-billion-in-q1-2020-a-record-setting-pace-before-coronavirus/amp/