Artificial Intelligence Explodes At Investment, Enterprise Levels

In the past half-decade, artificial intelligence has gone from the stuff of science fiction to components of major factory floors, cognitive technology expert Neil Jacobstein said at a Singularity University event in Boston Tuesday. Jacobstein chairs the AI & Robotics department at Singularity, the tech-driven benefit corporation that includes the likes of Google, Cisco and Deloitte among its founders. Investment in AI has skyrocketed in recent years, with more than $3 billion in VC funds invested in cognitive technologies from 2011 to 2015. During that time, more than 100 AI companies merged or were acquired, “by the usual suspects: Alphabet, IBM, Facebook, Amazon, [and] Google,” said Jacobstein. Beyond the investment world, enterprises have begun seriously implementing AI technology into their manufacturing businesses. “General Electric has also provided a new software…


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