Want More Money? Start AI Company

Providing AI to businesses that do not have the skills or scale to build sophisticated capabilities on their own could be a money spinner in the 250bn cloud market. Tech companies travel millions of miles to build large, proprietary data sets and use computer vision to train their systems to recognize objects in the real world.

Unlike search engines, where people can choose a service that is good enough, users are more likely to prefer self - propelled cars with the best safety record, which means that companies using AI to map the physical world and record the least accidents will benefit from outsourcing. Self - propelled cars are only one example of how AI technology companies are moving beyond the virtual world of software to hardware. Other companies had to learn to take AI seriously, but the founders of Google were early supporters of machine learning and always considered it to be a competitive advantage.

However, AI will not always promote the dynamics of the winners for each business model - and certainly not in the early days of a company before it reaches the scale. For example, if the proposal for startups to diagnose cancer based on medical imaging uses machines, then the company must start with a significant investment in talent and applications for machine learning.

In other words, if the start - up value proposition requires AI to provide the best product or service, it is a first - class AI.

Many of today's extremely successful companies were not AI - first, although some could eventually "turn into" artificial intelligence if necessary.

Firstly, the acquisition of values will be limited in the consumer space, and companies will achieve the greatest value by focusing on "micro -verts" for companies - specific use cases in selected industries. Major players also have access to a much larger pool of consumer data - the vitality of AI - which enables them to develop more accurate and in - depth AI solutions for consumers.

Buyers are not interested in AI only because it is an exciting new technology - they want AI to generate a strong ROI by solving specific problems, saving money or increasing sales. For example, a production plant that wants to reduce machine downtime will not only look for an AI - s - known supplier in the industrial space, but also a company with proven experience and solutions in the field of predictive maintenance.

In order to win the AI, companies must offer end - to - end solutions in all nine layers of the technology stack, as many corporate customers have difficulty implementing innovative solutions.

Major hardware and software players often expand their AI portfolio by acquiring other companies.

Ai will help improve software to launch better email campaigns for current and new clothing customers, increasing their success rate each time. Artificial intelligence will lead to some very powerful companies, and starting with AI expertise will be very beneficial in some cases, but it will not be relevant to many business models, and can even lead to a start - up failure.

Established companies and start - ups want to explain how AI is a key part of their business. It is a "vision" in places like AI that can attract the attention of a start - up company, but it is a dark area for intellectual property (IP) and more general investment valuations. The founders of the AI space know that they need to focus their attention on strategic valuation rather than on operating valuations based on more standard revenue - generating growth formulas, or even if the company simply increases its customer base exponentially or on the basis of a team of engineers, the value of the team.

Regardless of your position as the founder's division manager of an AI, a member of an existing technical company or a potential investor, it is best to look at all aspects of value. Although it is difficult to separate the investments of technology companies in AI from other types, in 2017 global companies have completed about 21.3bn in mergers and acquisitions related to AI, according to PitchBook, a data provider or about 26 times more than in 2018.

As with previous technological waves, such as the emergence of pcs and mobile phones, AI has the potential to shake up technology giants 'businesses by helping them rebuild existing operations and develop new businesses. Watson's leader, IBM's AI platform, David Kenny, predicts that there will be "two AIs": companies that take advantage of AI - based services for consumers and others who provide them to companies.

Today, Google is the world's largest AI - based company that attracts the best artificial intelligence, spends budgets for small countries on research and development, and sits on the best datasets that shine from billions of users of their services.

#aiapplications #bigcompanies #businessmodels #aicompanies #airesearch #aistartups #largecompanies #majorindustry #elementai #saascompanies

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Season's greetings from FERTES

My best whishes and thanks to Bridgeway, its community and network for the great experience. Have great and innovative winter holidays, Fulvio

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