Entrepreneurs have a real opportunity to thrive by unlocking AI potential

Artificial intelligence and technology concept. 3D Rendering Getty Artificial Intelligence (AI) is everywhere. It quietly integrated itself in nearly every aspect of our lives. Still, this technology is in its infancy and we don’t entirely understand its full potential. We cringe at the idea of data being mined by governments, as reported in an amazing story on CBS’s 60 Minutes. Yet, we laugh at Super Bowl ads depicting a of a dog ordering food through Amazon’s Alexa. We worry about Big Brother, but excitedly lap up every Cortana or Siri update hoping it makes life just a little bit more interesting and easier.

The human obsession with faster and easier ways to do things makes AI one of the most valuable technologies today. In 2018, VCs funneled $10 billion into nearly 500 startups in the U.S. (according to CBInsights ). This was almost double their investment in 2017. It’s not just VCs that are keen on AI. Big tech companies and governments are also eagerly tracking advancements in the technology.

With this much interest in AI, entrepreneurs have a real opportunity to thrive by unlocking its potential. Let’s take a look at the three key developments that will define AI for the next five to ten years.

National Security

China invests more than any other country, including the U.S., in AI. It is intent on winning the AI race. The Chinese government considers AI key to national security and, as such, is focused on facial recognition and AI chipset. Currently, the government is partnering with private companies to provide data and resources to develop a country-wide surveillance plan.

While the idea of the government having that much information on us makes many people in the Western world cringe, the fact is that data makes AI possible. Therein lies an opportunity for entrepreneurs. […]

Continue reading – Three AI Developments That Will Rock The Startup World