McKinsey found that tech giants invested $20B to $30B on AI in 2016, while U.S. VC firms invested $2.3B in AI in Q1 of 2018 increasing 37% from the previous quarter and expected to sore in 2019. No wonder AI is hyped in the media with futuristic stories propagating AI is killing jobs and self driving cars are causing accidents. However, in reality, AI adoption is still relatively low. This panel will discuss the types of AI startups VCs are looking to fund, showing investment dollars are shifting away from unproven futuristic ideas and toward more pragmatic, foundational AI infrastructure technology. These are the underlying tech companies that survive long-term and provide real returns. Panelists will also discuss the specifics they look when assessing an AI company in the pitch room.
[Programming descriptions are generated by participants and do not necessarily reflect the opinions of SXSW.]