Artificial Intelligence: Where most money goes to

12 May 2019
112 Views

Machine learning projects took home the most funding in 2019, receiving more funding than all other artificial intelligence systems combined. Between both machine learning apps and platforms, over 42 billion dollars went to the development of those automating systems. All other projects that use artificial intelligence, including advancing smart robots, virtual assistants, and natural language processing, got about 38 billion by comparison.

While funders are getting behind more machine learning ideas, some of the biggest players in the space are putting resources behind not just advancing these systems technologically but also ethically. Google’s CEO Sundar Piachi released a transparency effort at Google’s I/O developer’s conference this week. Other industry behemoths, like IBM, have pushed for more transparency and software add-ons that could monitor algorithms to see how biases are built into them. As artificial intelligence grows, grossing more funding dollars, the responsible development of these technologies is imperative for their proper use in the future.

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.

You may be interested

Legendary Onassis yacht “Christina O” in Poros island
GREECE
shares30 views
GREECE
shares30 views

Legendary Onassis yacht “Christina O” in Poros island

Panos - Jul 15, 2019

The legendary luxury yacht “Christina O”, which belonged to Greek tycoon Aristotle Onassis and had hosted some of the most…

Greek financial audit authorities target 20,000 properties leased via the Airbnb
FINANCE
shares26 views
FINANCE
shares26 views

Greek financial audit authorities target 20,000 properties leased via the Airbnb

Panos - Jul 15, 2019

Greece’s financial audit authorities have targeted 20,000 properties leased via the Airbnb platform which were not declared to the tax…

A female officer becomes captain of the Greek Air Force Academy for the first time in history
GREECE
shares16 views
GREECE
shares16 views

A female officer becomes captain of the Greek Air Force Academy for the first time in history

Panos - Jul 15, 2019

For the first time in the history of the Hellenic Air Force, a female was appointed at the head of…

Leave a Comment

Your email address will not be published.