Read the full post
Artificial intelligence has found its way into virtually every corner of our lives. It's in our homes, in our cars and in our phones. It can be found across multiple industries including banking, agriculture, healthcare, transportation and telecommunications - to name only a few. And it's a growth industry. Through the beginning of October 2017, year-to-date venture capital investment in AI totaled $7.6 billion vs. $5.4 billion in 2016 and $4 billion in 2015, according to the PitchBook Platform. Not only has investment in AI increased, but M&A activity as well, with tech giants such as Google's Alphabet, Microsoft and Apple all acquiring AI companies over the past two years to enhance and expand their products and services. So what's driving this interest and investment?