The AI Rush – Serena Capital

Great report on the state of #AI startups in Europe. #MachineLearning #InsurTech

  • Because we know how to have fun ✌️, we were (litteraly) excited about spending days and nights on crunching data of European startups funded in 2016 to eventually get a real sense of what is AI and Data’s real trend in Europe.
  • 2800+ Startups later, we eventually found out 271 AI Data startups and here is our main conclusion: Yes, AI is a thing and it’s happening now.Not convincing enough?
  • Fundraising went crazy, and we always want more of itNumbers stagger : $774 million — Yes 7–7 and 4, nearly 10% of the total 10+ billion invested in European startups in 2016, has been fully dedicated to AI data.
  • Bringing the total investment in AI Data to 2 billion since 2014.2.
  • This trend has been led by early stage investments which played a signifiant role: $215 million have been invested in 171 early stage startups (0 to $5m in funding).

Because we know how to have fun ✌️, we were (litteraly) excited about spending days and nights on crunching data of European startups funded in 2016 to eventually get a real sense of what is AI and…
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DeepMind’s new computer can learn from its own memory

DeepMind's new computer can learn from its own memory

  • DeepMind says its new AI model, called a differentiable neural computer (DNC), can be fed with things like a family tree and a map of the London Underground network, and can answer complex questions about the relationships between items in those data structures.
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  • By augmenting an AI’s capabilities with the power of learning from memory, it’ll likely be able to complete far more complex tasks on its own.
  • DeepMind, an artificial intelligence firm that was acquired by Google in 2014 and is now under the Alphabet umbrella, has developed a computer than can refer to its own memory to learn facts and use that knowledge to answer questions.
  • It’s the networks that helped DeepMind’s AlphaGo AI defeat world champions at the complex game of Go .

DeepMind has developed a computer than can refer to its own memory to learn facts and use that knowledge to answer questions.
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