A.I. is hot, and money is flowing to A.I. entrepreneurs. Funding for artificial intelligence startups continues its upward trend in 2017 with investment hitting new highs. Venture, corporate and seed investors have put an estimated $3.6 billion into A.I. and machine learning companies this year, according to CrunchBase data. That’s more than they invested in all of 2016, marking the largest recorded sum ever put into the space in a comparable period.
Forty-percent of the total investment in A.I. went to two deals. Argo AI, a Pittsburgh-based developer of A.I. technology for self-driving vehicles, raised $1 billion from Ford in February. And more recently, China-based SenseTime raised $410 million to develop applications of A.I.powered deep learning technology for uses like facial recognition and image processing.
Takeaway: A.I. is hot in the investment market. Look for companies to add A.I. to their product marketing to attract investment.