Study: 40% of start-UPS on artificial intelligence it is not in development

Study: 40% of start-UPS on artificial intelligence it is not in development

KIEV. March 5. UNN. 40% of European start-UPS specializing in artificial intelligence do not use any artificial intelligence programs in their products. It is reported by UNN with reference to the Financial Times.

A study conducted by the London-based investment company MMC Ventures, failed to find any evidence, based on public information and interviews with managers, on nalichii applications of artificial intelligence in 40% of 2830 startups on artificial intelligence in Europe.

The survey underlines the excitement around the technology, which is attracting more money than other software.

Company called AI enterprises, have historically attracted more money and got a higher rating than the other companies involved in software development. The study showed that the average round of financing to launch AI last year was about 15 percent higher than for run the software.

The term “artificial intelligence” is applied to various technologies from simple computer programs that automate tasks to more complex neural networks, which are systems of data processing and machine learning algorithms. The widespread use of this term has made it difficult for venture investors the ability to distinguish between actual and proposed business II.

Studies of the MMC found that nearly 8% of European start-UPS founded in the past year were AI companies, compared to around 3% in 2015, when the UK was leading in this direction. In the UK are some of the most influential companies involved in artificial intelligence, which were bought by foreign companies, such as DeepMind, Google, Microsoft and Twitter SwiftKey Magic Pony.

However, investors said that the industry will have to overcome growing frenzy around the sector. “Attachment to fashion is always bad,” said Simon Cooke, Executive Director, Draper Esprit. “Artificial intelligence has become a catch-all term that is often used lightly”.

We will remind, the American company Facebook has signed with the Munich technical University agreement on cooperation in the field of studying ethical issues arising in the application of artificial intelligence technologies.