Is Artificial Intelligence the Next Dot-Com Bubble?

Is #ArtificialIntelligence the Next Dot-Com Bubble? 

 #fintech #VC #AI @nanalyzetweets

  • We’ll stick to playing rock-paper-scissors with AI, but all of this is leading to some serious visibility for AI as an emerging technology – which as investors make us want to get some skin in the game.
  • The recent news that artificial intelligence (AI) startup Afiniti may have confidentially filed for IPO was the first time that we started to feel like this thing might be revving up for real now.
  • It wasn’t just because this would be the first pure-play AI startup to see an IPO, it was because we really couldn’t believe how effective Afiniti’s technology was in adding value.
  • Secondly we’re also seeing a very large number of AI startups getting into the game (over 1,500) which is the same sort of pile-on mentality we saw in the dot-com era.
  • Now you just add a tagline to that same website that says “powered by AI” and now you’re an “AI company”.

If you’ve played Texas Hold’em, then you know how tough it is to be a good poker player. Lots of venture capitalists like to play poker, so it wasn’t surprising to see one who thought to himself “let’s see how good artificial intelligence (AI) really is“. He consulted a team of engineers and computer scientists to see where they might be able to exploit the AI agent named Lengpudashi. They then played 36,000 hands over 5 days and the AI agent kicked the isht out of them. We’ll stick to playing rock-paper-scissors with AI, but all of this is leading to some serious visibility for AI as an emerging technology – which as investors make us want to get some skin in the game. The problem is, there aren’t many ways to do that yet.
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Bain Capital Ventures raises $600M fund with focus on SaaS, machine learning, more

Bain Capital Ventures closes new $600M fund with focus on SaaS, machine learning, more

  • Tags: Bain Capital Ventures , funding daily , investment fund
  • Bain Capital Ventures announced today in a public filing  that it has closed a $600 million investment fund.
  • Bain Capital Ventures raises $600M fund with focus on SaaS, machine learning, more
  • “We will also continue to balance investments geographically, including California which now represents half of our senior investment team and half of our investment dollars,â said Agarwal.
  • BCV managing director Ajay Agarwal tells VentureBeat that specific areas of focus for the new fund include “SaaS, machine learning, financial and retail technology, cybersecurity, cloud infrastructure and open source.”

Read the full article, click here.


@VentureBeat: “Bain Capital Ventures closes new $600M fund with focus on SaaS, machine learning, more”


Bain Capital Ventures announced today in a public filing that it has closed a $600 million investment fund.


Bain Capital Ventures raises $600M fund with focus on SaaS, machine learning, more