- Are big tech companies snapping up startups so young they can barely be considered real businesses?
- Last year corporations, mostly big tech companies, bought at least 40 AI startups, a trend that’s expected to continue in 2017.
- “These are not businesses,” says John Somorjai, executive vice president of corporate development at Salesforce crm , which has acquired a handful of AI companies.
- Years ago we marveled at the valuations of money-losing mobile startups and snickered at the lack of a business model at companies like Android, which Google bought in 2005 for around $50 million.
- In five years artificial intelligence could exist as a layer of capability atop every business process, from customer service and marketing to product development and sales, across every industry.
Interest in artificial intelligence (AI) has reached a fever pitch. Unlike most overhyped technologies, it may not be a fad.
@DeepLearn007: It’s Time to Take #AI Seriously #ArtificialIntelligence #VC #VentureCapital #startups #tech
Artificial Intelligence: It’s Time to Take AI Seriously | Fortune.com