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Artificial Intelligence

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Artificial Intelligence

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An overview of artificial intelligence from the perspective of a potential venture capital investment: what it is, its history, how it can be used, and what it could mean for the future of various industries and humanity.

An overview of artificial intelligence from the perspective of a potential venture capital investment: what it is, its history, how it can be used, and what it could mean for the future of various industries and humanity.

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Artificial Intelligence

  1. 1. 1 Artificial Intelligence A presentation by Danial Shaikh
  2. 2. 2 What is artificial intelligence?
  3. 3. 3 What is artificial intelligence? Artificial intelligence is the simulation of human intelligence by machines Machine learning lets us give computers the ability to learn without being explicitly programmed Deep learning is a problem solving approach for implementing machine learning (i.e. neural networks) WHAT IS AI?
  4. 4. 4 AI in action… WHAT IS AI?
  5. 5. 5 The origins of AI
  6. 6. 6 In 1956, researchers gathered at Dartmouth with goal of giving computers ability to: 1. Reason 2. Understand the world and objects within it 3. Navigate through the world 4. Process, understand, and communicate in natural language 5. Perceive the world around them 6. Develop “generalized intelligence” The Beginning THE ORIGINS https://a16z.com/2016/06/10/ai-deep-learning-machines/
  7. 7. 7 Logical rules to model human intelligence… Classical AI THE ORIGINS
  8. 8. 8 Feed data structures modelled on the human brain a ton of data… Modern AI THE ORIGINS
  9. 9. 9 Why AI Matters
  10. 10. 10 Like relational databases… machine learning is a building block that will be part of everything, making many things better and enabling some new and surprising companies and products. — Benedict Evans, Partner at Andreesen Horowitz “ WHY AI MATTERS
  11. 11. 11 I think it’s gigantic… it’s probably hard to overstate how big of an impact it’s going to have on society over the next 20 years. — Jeff Bezos, CEO of Amazon “ WHY AI MATTERS
  12. 12. 12 The Potential Economic Impact of AI WHY AI MATTERS https://www.accenture.com/ca-en/insight-artificial-intelligence-future-growth
  13. 13. 13 The Potential Productivity Impact of AI WHY AI MATTERS http://www.mckinsey.com/global-themes/digital-disruption/whats-now-and-next-in-analytics-ai-and-automation
  14. 14. 14 AI Financing and M&A Activity WHY AI MATTERS https://www.cbinsights.com/blog/artificial-intelligence-startup-funding/ https://www.cbinsights.com/blog/top-acquirers-ai-startups-ma-timeline/
  15. 15. 15 The Dark Side of AI WHY AI MATTERS http://observer.com/2015/08/stephen-hawking-elon-musk-and-bill-gates-warn-about-artificial-intelligence/ https://blog.openai.com/introducing-openai/ Hawking Gates Musk
  16. 16. 16 What are the opportunities?
  17. 17. 17 Autonomous delivery vehicles that will reduce the cost of the “last mile” OPPORTUNITIES http://dispatch.ai https://techcrunch.com/2016/04/06/self-driving-delivery-vehicle-startup-dispatch-raises-2-million-seed-round-led-by-andreessen-horowitz Sensors and AI techniques help Dispatch ensure its delivery vehicle navigates effectively and acts safely around people
  18. 18. 18 A shopping experience tailored to you OPPORTUNITIES https://metail.com/technology http://www.techworld.com/startups/how-uk-startup-metail-is-using-computer-vision-change-retail-industry-3654337 Machine learning algorithms and computer vision help Metail show you what a garment will like on you
  19. 19. 19 Robots that will take over tedious tasks from humans OPPORTUNITIES https://www.bloomberg.com/news/articles/2016-10-26/secretive-canadian-company-teaches-robots-to-be-more-like-people https://www.theverge.com/2017/6/1/15703146/kindred-orb-robot-ai-startup-warehouse-automation At Kindred, humans help machines pick up objects and data is used to learn and make the machine smarter over time.
  20. 20. 20 Software that will more accurately predict fraud OPPORTUNITIES https://fraugster.com/ https://techcrunch.com/2017/01/16/fraugster/ AI-powered fraud detection technology from Fraugster learns from each transaction in real-time and is able to anticipate fraudulent transactions before they occur
  21. 21. 21 New drugs and approaches to combat disease OPPORTUNITIES http://www.stratifiedmedical.com/about-us/ http://www.economist.com/news/science-and-technology/21713828-silicon-valley-has-squidgy-worlds-biology-and-disease-its-sights-will/ BenevolentAI enables scientific discovery by generating usable knowledge from vast volumes of information in scientific papers, patents, clinical trial information and from large data sets
  22. 22. 22 “ OPPORTUNITIES https://hbr.org/2016/11/the-simple-economics-of-machine-intelligence/ Machine intelligence is, in its essence, a prediction technology, so the economic shift will center around a drop in the cost of prediction…. this matters because prediction is an input to a host of activities including transportation, agriculture, healthcare, energy manufacturing, and retail… but we will also use prediction to tackle other problems for which prediction was not historically an input. — Ajay Agrawal, Joshua Gans, Avi Goldfarb, University of Toronto
  23. 23. 23 Who will be the winners?
  24. 24. 24 Those that focus on a narrow domain… THE WINNERS http://cdixon.org/2015/02/01/the-ai-startup-idea-maze/ https://medium.com/startup-grind/building-an-ai-startup-realities-tactics-6e1d18a4f7ab/ Applications of AI/ML require vast amounts of data. Scale is beneficial. • Start-ups inherently disadvantaged in comparison to the big players (e.g. Google, Facebook) Large companies generally focussed on AI platforms and applications for consumers. • Focus on the enterprise • Focus on developing specific tools Data required is relative to the breadth of the problem you are trying to solve. • The wider the domain, the more data required • A narrow domain allows for less data, less likely intrusion from large tech players
  25. 25. 25 …and those that can achieve data network effects THE WINNERS http://mattturck.com/the-power-of-data-network-effects/ https://medium.com/@muellerfreitag/10-data-acquisition-strategies-for-startups-47166580ee48/ Even with a very specific focus, gathering data required for applications of AI/MI is challenging • Crowdsourcing data and creating “data traps” potential solutions • Alternatively, leverage: manual data gathering, public/private data sets, side business • Goal: achieve data network effects
  26. 26. 26 Thank You
  27. 27. 27 Appendix
  28. 28. 28 APPENDIX https://www.cbinsights.com/blog/top-acquirers-ai-startups-ma-timeline/
  29. 29. 29 APPENDIX https://www.linkedin.com/pulse/mapping-canadian-ai-ecosystem-jean-fran%C3%A7ois-gagn%C3%A9/

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