Applied AI Digest

Applied AI Digest 24

 

 


Check the videos from the Applied AI Conference 2016 at this link.


The latest Data, Insights, and Inspiration about Applied AI

Tim Cook on How Artificial Intelligence Is Enriching Apple

Speaking at Apple’s quarterly earnings call, Apple CEO Tim Cook covered a variety of subjects, and one of the areas that he highlighted for investors is artificial intelligence. Read more.

 

AI expert says that Russia is on the verge of a ‘major breakthrough’ in artificial intelligence.

In the past six months, we’ve seen AI master the board game Go, write a short film script, and infiltrate Snapchat filters. Read more.

 

OmniEarth uses Watson to combat California drought

Leading scientists predict that severe global water shortages could impact more than half of the world’s population by 2050. Read more.

 

The next big thing in Supply Chain Management

Imagine the endless possibilities of learning from 2.5 quintillion bytes of data generated every day. Read more.

 

Artificial Intelligence Is Setting Up the Internet for a Huge Clash With Europe

Neural networks are changing the Internet. Inspired by the networks of neurons inside the human brain, these deep mathematical models.. read more.


Applied AI Digest is a weekly email curated by Luigi Congedo and the BootstrapLabs team to share the latest insights and innovations happening in the field of Artificial Intelligence. 


Please help us to grow the community by forwarding this email to your friends who are interested in learning more about AI.

Feel free to forward this email or share it with your network.

 

Applied AI Digest

Applied AI Digest 23

 


Check the videos from the Applied AI Conference 2016 at this link.


The latest Data, Insights, and Inspiration about Applied AI

 

Right Now, Artificial Intelligence Is The Only Thing That Matters: Look Around You

If there’s one thing the world’s most valuable companies agree on, it’s that their future success hinges on artificial intelligence. Read more.

How artificial intelligence will transform your business

In 2016, we use voice-recognition systems, driverless cars are being trialled and robotic hotel receptionists work in Japan. The advent of certain technologies… read more.

 

What Artificial Intelligence Can Tell Us About The Future Of Business?

In today’s knowledge economy, we tend to predict how a business is doing by measuring key components like sales, finance, and HR. Read more.

 

Artificial Intelligence Could Help Catch Alzheimer’s Early

AI algorithms used with MRI brain scans help distinguish between patients with Alzheimer’s and two early forms of dementia that can be precursors to the memory-robbing disease. Read more.

 

Microsoft’s UK CMO on artificial intelligence and his visionary inspiration

Paul Davies talks about what it takes to be a visionary and his expectations for the industry in the next ten years. Read more.

 

Artificial intelligence reveals undiscovered bat carriers of Ebola and other filoviruses

A team of scientists has developed a model that can predict bat species most likely to transmit Ebola and other filoviruses. Findings highlight new potential hosts and geographic hotspots worthy of surveillance. Read more.

 

Applied AI Digest is a weekly email curated by Luigi Congedo and the BootstrapLabs team to share the latest insights and innovations happening in the field of Artificial Intelligence. 


Please help us to grow the community by forwarding this email to your friends who are interested in learning more about AI.

Feel free to forward this email or share it with your network.

 

 

Applied AI Digest

Applied AI Digest 22

 


The latest Data, Insights, and Inspiration about Applied AI

 

 

Robots’ debut in aerospace production lines create new human jobs

It may be the 21st century, but an aircraft final assembly line still has many hallmarks of a cottage industry. Read more.

 

London company uses artificial intelligence to brew the perfect beer

Say what you will about Google’s AlphaGo AI, it generally turned up to its championship matches sober.
Actually, most AI tend to stay away from the bottle – which makes sense given their lack of mouth, or digestive system, or sense of fun. Read more.

 

Google believes its superior AI will be the key to its future

Google is beginning to look beyond search to tap into some of the most lucrative and promising businesses in the tech industry: artificial intelligence and cloud computing. Read more.

 

We need to talk about AI and access to publicly funded data-sets

For more than a decade the company formerly known as Google, latterly rebranded Alphabet to illustrate the full breadth of its A to Z business ambitions, has engineered an annually increasing revenue generating empire .. read more.

 

Artificial Intelligence Could Help Catch Alzheimer’s Early

AI algorithms used with MRI brain scans help distinguish between patients with Alzheimer’s and two early forms of dementia that can be precursors to the memory-robbing disease. Read more.

 

Artificial Intelligence Is Setting Up the Internet for a Huge Clash With Europe

Neural networks are changing the Internet. Inspired by the networks of neurons inside the human brain, these deep mathematical models can learn discrete tasks by analyzing enormous amounts of data. Read more.


Applied AI Digest is a weekly email curated by Luigi Congedo and the BootstrapLabs team to share the latest insights and innovations happening in the field of Artificial Intelligence. 


Please help us to grow the community by forwarding this email to your friends who are interested in learning more about AI.

Feel free to forward this email or share it with your network.

 

Applied AI Digest

Applied AI Digest 21

 



The latest Data, Insights, and Inspiration about Applied AI

 

 

Chatbots And Millennials: How Smart Brands Should Be Using Artificial Intelligence

This is the year of the chatbot. With the rise of artificial intelligence (AI), bots are responding to queries, helping users find products, and even troubleshooting customer service issues. Read more.

 

Intel, Google, GE, And Samsung Among Most Active Corporate Investors In AI Startups

Artificial intelligence dealmaking has exploded recently, leaping to a new quarterly record of over 140 deals in Q1’16. Read more.

 

18 AI researchers reveal the most impressive thing they’ve ever seen

This year especially, artificial intelligence (AI) has had a renaissance — Tesla pushed their self-driving autopilot out to all eligible cars, and Google and Facebook have both announced large investments in AI research. Read more.

 

Self-driving trucks: what’s the future for America’s 3.5 million truckers?

The race is on to get driverless trucks on the roads, and experts say the impact on professional drivers ‘is going to be huge’.. read more.

 

Toyota to build artificial intelligence-based driving systems in five years

Toyota Motor Corp is targeting developing in the next five years driver assistance systems that integrate artificial intelligence (AI) to improve vehicle safety, the head of its advanced research division said. Read more.

 

Intel Outside as Other Companies Prosper from AI Chips

The world’s leading chip maker missed a huge opportunity in mobile devices. Now the rise of artificial intelligence gives the company another chance to prove itself. Read more.

Applied AI Digest is a weekly email curated by Luigi Congedo and the BootstrapLabs team to share the latest insights and innovations happening in the field of Artificial Intelligence. 


Please help us to grow the community by forwarding this email to your friends who are interested in learning more about AI.

 

ai-pitchforce-startups-vc-bootstraplabs

Announcing AI PitchForce. Apply now!

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Presented by BootstrapLabs and PeopleConnect, AI Pitchforce is a can’t-miss opportunity for AI startup entrepreneurs to present to top angel investors and VCs. It will take place August 25th from 5:00-8:30 PM at Reed Smith, 101 2nd Street, San Francisco.

The AI PitchForce judges will be:

Companies presenting can expect the following:

  • A demo table on the show floor
  • Multiple networking opportunities with guests and investors
  • An opportunity to earn $500K – $1.5M in seed funding
  • The opportunity to present in front a panel of distinguished investors

Event Format:

During the demo period in the first hour, guests and investors will be able to vote on their favorite five companies. These companies will be granted a 4 minute pitch to the panel, followed by a 4 minute Q&A session and 4 minutes of feedback from the panel. The bottom companies will then be allowed a one minute elevator pitch to the panel. From these companies, one will be chosen to have a full 4 minute pitch in front of the panel. The winner will then be selected by the panel and receive a meeting with BootstrapLabs, a meeting with Javelin Venture Partners and a $1,500 scholarship to the Keiretsu Forum Capital Access Series.

Here’s how to apply:

Rules: Any early stage company specializing in AI or Applied AI may apply

Cost: Totally Free!

Email your Executive Summary and pitch deck to info@bootstraplabs.com to apply.

Guests interested in attending can purchase tickets here: https://www.eventbrite.com/e/ai-pitchforce-tickets-26669745928

Thank you to our sponsor

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Applied AI Conference

Press Release: The Applied Artificial Intelligence Conference 2016

The annual BootstrapLabs Applied Artificial Intelligence Conference will take place on Wednesday May 25th in San Francisco.

This year’s conference will focus on AI’s disruptive power and its impact on Society, the Enterprise, and People. The conference has a packed house of 400+ attendees and features 43 thought leaders in AI from companies like AirBnb, Accenture, Amazon, BMW, Facebook, IBM, NASA, Sentient, Singularity University, Stanford University, Uber and more.

The conference sessions include keynotes and panels on some of the most relevant topics in the AI space, including:

● Exponential Disruption with Rob Nail, CEO & Associate Founder, Singularity University
● Bring Machine Learning to every corner of your Organization with Danny Lange, Head of Machine Learning, Uber
● Ingredients for Successful AI Platforms , with Hussein Mehanna, Director, Core Machine Learning, Facebook
● Innovation and Inspiration through Cognitive Computing with Swami Chandrasekaran, Chief Technologist, IBM Watson
● Fully Autonomous Agents – The Next Big Thing in AI with Nigel Duffy, CTO, Sentient
● Autonomous Transportation and Mobility ­Uwe Higgen, Head Technology USA, BMW
● Meet Amy, your new Personal Assistant with Josh Constine, Editor­At­Large, TechCrunch, and Dennis R. Mortensen, Founder & CEO, x.ai
● Chatbots in the Physical World with Jack Clark, Reporter, Bloomberg and Oren Jacob, Co­Founder & CEO, PullString

Why AI is changing everything?
Artificial Intelligence is not new, but the underlying technologies have reached an inflection point. AI is entering a commercialization phase and every product and industry sector is being reimagined using an AI­ first approach. BootstrapLabs believes this will drive an accelerated pace of innovation in most industry verticals across the globe.

“We have entered the age of Applied AI, and as an investor at the forefront of this industry, we wanted to bring together our friends from Facebook, Uber, Amazon, IBM, Airbnb, NASA, BMW, Department of Homeland Security, Singularity University, Stanford, and so many others to join us for a special conversation on the s tate of things in Applied AI and where we are headed,,” said Nicolai Wadstrom, CEO of BootstrapLabs.

Follow this link to view the conference agenda and full speakers list – http://hackers.ai/applied-artificial-intelligence-conference/speakers/

About BootstrapLabs
BootstrapLabs is a Silicon Valley based Venture Builder Company with a global outlook on innovation, combining Human Capital with Venture Capital to invest in Applied Artificial Intelligence startups leveraging Big Data.
BootstrapLabs’ investment platform stands on three core pillars: Venture Capital, Human Capital, and a Community of founders, makers and thought leaders. Founded and operated by entrepreneurs, BootstrapLabs understands firsthand the needs and challenges of building a startup, and invests early in passionate founders who are building potentially disruptive technology companies with global potential.

BootstrapLabs’ current seed fund invests in innovative and smart AI­powered software platforms that create significant value for their users in large, global markets. Key sectors of interest include Internet of Things, FinTech, Future of Work, Logistics, Security, eHealth, and others.

Since its inception, BootstrapLabs has invested and worked with startups such as Prezi, Trusted Insight, AngelList, Aeye, and Zerply.

Contacts
BootstrapLabs
Press inquiries Email: info(at)bootstraplabs(dot)com
Webiste: http://www.bootstraplabs.com
Twitter: @Bootstraplabs
Applied AI Conference hashtag: #AAI16

More articles about the Applied AI Conference:

Facebook spares humans by fighting offensive photos with AI

Are High Stress Decisions Best Made by Bots?

Facebook’s machine learning director shares tips for building a successful AI platform

New Frontiers in Artificial Intelligence

UBER’s Head of Machine Learning Thinks You Might be Doing it Wrong

How is AI changing the enterprise?

When Artificial Intelligence Meets Reality

Are High Stress Decisions Best Made by Bots?

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AI is going to change everything

We are on the brink of a major disruption, which we think might be bigger than the industrial revolution. At BootstrapLabs we are focusing heavily on a major shift that is impacting almost every sector: Artificial Intelligence – AI.

AI has reached an inflection point, where it can now be applied to quickly drive efficient returns, and in our book, is ripe for building startups that will disrupt major markets and their incumbents.

Why now?

Let’s go back: The Industrial Revolution & Apple

James_Watt_Energy_02During the Industrial Revolution, the steam engine enabled a major technological shift as a large amount of manual labor was now able to be automated. Yet, few know that the first version of the steam engine was actually built the 1st century CE and was called Aeolipile. It was not until much later, in 1712, when Thomas Newcomen developed a commercially viable version of the steam engine that applied to “mechanical work” that serious increases in productivity started to take place. But, this major shift did not reach its full disruptive potential until 1781 when James Watt designed a model that provided a stronger and continuous rotary motion, resulting in an order of magnitude better output/cost ratio and allowed the technology to spread across applications and sectors,  spurring the Industrial Revolution.

As always with technology and its applications, it is a combination of factors that create an inflection point.

The Garages of Silicon Valley: A similar pattern and iterative process emerged in the garages of Silicon Valley, and eventually spawned the likes of Apple, Hewlett Packard, etc. This is a recurring pattern of how innovation emerges. The inflection point is always triggered by a number of factors, not just the main innovation of the steam engine or the silicon-based CPU chips (or COTS components to build a computers for that matter).

The Rear-Mirror Effect: These inflection points are often hard to spot. First there is disbelief, then some excitement. Then the general public tends to be disappointed by the slow(er) pace of adoption vs. their expectations, yet slowly but surely, additional improvements and iterations of the original breakthrough take place, quietly, unnoticed. Even additional breakthroughs building on the prior ones create an unstoppable wave of change that often catches people by surprise and most realize that the inflection point really happened a few year ago, when looking in the rear-mirror (and they are too late to the game).


The rise of Applied Artificial Intelligence (Applied AI)

Today we have reached a similar inflection point with Applied AI and we believe it will have a significant disruption potential on many established industries, and our society at large. Today smart software can process massive amounts of data to derive knowledge and conclusions that humans simply cannot.

AI methods and algorithms are not new, they have been around for quite some time, but there are a number of factors that are creating an inflection point for AI to be applied in a much wider sense, across applications and industry verticals that were not feasible before. Additionally, more recent approaches and methodologies like deep learning have yielded an order of magnitude better results than prior approaches.

Ability to compute, store and transfer data

  • We are buying twice the amount of CPU processing for each $1 every 18 months.
  • We are buying twice the amount of storage for each $1 every 12 months.
  • We are buying twice the amount of communications bandwidth for each $1 every 9 months.

More data recorded in last 18 months than the entire history of mankind

The vast majority of all information ever created by mankind was created, transferred, and stored in the past 18 months alone. There is a massive amount of data (and knowledge/information to be extracted from it), and it is growing exponentially.

DATA EXPLOSION

Multi-dimensional correlations

Also multi-dimensional correlations add a massive opportunity.  Take for example fitness trackers, such as JawBone and FitBit, that are tracking activities like movement and sleep. In just a few years they harvested more research data and conclusions (using machine learning) of how physical exercise and sleep are tied together than any research facility ever had in history (and at a fraction of the cost).

Oh – and they also track where (geographic position) exercise is happening, which adds another dimension to this information.

In another example, one of our portfolio founders is exploring how to connect your emotional state of being with what you read in your social communications channels, event calendar, etc., and have the machine learn and guide you on ways to improve your mental well being.

Cost to build keeps going down

The cost to build startups keeps going down, which is true for building AI at scale too, through hosted infrastructure, cost of hardware and open source software (backed by Google, Facebook, Yahoo!, OpenAI, etc.) AI is being applied right now in garages around the world where startups are being built. The hardware needed today is so commoditized that it is all more or less a software play (which increases the pace of innovation and efficiencies).

This all means that innovation by applying Artificial Intelligence is exploding and happening everywhere, not just in the large R&D labs and research facilities anymore.

It holds the keys to our future

All this data, that can now be stored and computed cost efficiently using smart software (AI), holds answers to everything from optimizing your retirement savings, global economic flux, health, education, and answers of how to mitigate climate change today and tomorrow.

The most exciting things are yet to come, but let me give you a few examples of what is already happening:

  • AngelList uses massive amounts of data and interaction patterns with machine learning to improve matching and interaction in their global network of Angel investors.
  • 23andMe uses machine learning and big data to find, in 20 minutes of compute time, the answers that took the CDC up to 7 years and a $100M study to accomplish.
  • George Hotz, the San Francisco “hacker” known for being the first to unlock the iPhone, has built a self-driving car in a month, using mostly off the shelf components, and using deep learning methodologies, resulting in potential self-installation kits costing less than $1,000 a pop.
  • JawBone has conducted the biggest sleep study in history (no company or research organization has had access to that much sleep data before).

As with building any startup today, the hardest thing is Scalable Product Market Fit, which is also why it is so hard for incumbents to tackle the innovation that comes out of startups (Innovators Dilemma).

The large and well funded R&D organizations are still good at cracking hard innovation with long time frames, often called “Moon Shots”, but much less so for finding new Scalable Product Market Fit. This is where startup innovation shines, and when the off the shelf components can be assembled quickly, innovation flourishes.

There is an unbundling of the big corporations, and we think that the key disruption driver for the winners is going to be their ability to apply Artificial Intelligence, and build better, more efficient products that scale.

unbundling-banks

So what are we doing about it at BootstrapLabs?

We are, of course, focusing our entire Venture Building platform toward  the discovery of the best Applied AI innovation globally, and empowering the founders behind them to build globally disruptive companies from Silicon Valley.

We are vetting over a thousand startups per a year from Silicon Valley, Europe, and Asia, and are seeing some very exciting innovators (which you will read more about soon!) who are applying AI such as machine learning, image recognition, and deep learning.

Our upcoming seed fund will invest in Applied AI software startups with a focus on FinTech, IoT, and Future of Work verticals (with the ability to expand into areas like logistic, education, commerce, eHealth, etc.)

Why Invest in Artificial Intelligence now?

 

We are also bringing together the global AI community of hackers and builders at hackers.ai and hosting the biggest Applied AI focused conference in Silicon Valley on May 25th.

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Learn more about the Applied AI Conference 2017.