Investing in Artificial Intelligence - AIBE Talk, London Feb 2017

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These are the slides to the talk I gave during the AIBE Summit in Feb 2017, focusing on Artificial Intelligence investment by Venture Capital firms and how we, at Seedcamp, focus on investing in the sector.

The audio file to these slides can be found here:

https://soundcloud.com/carloseduardoespinal/talk-at-the-aibe-summit-feb-2017-on-venture-capital-in-ai

More on the AIBE Summit from their website (https://aibesummit.com/):

The AIBE Summit is a conference on artificial intelligence in business & entrepreneurship. It will be the largest event of its kind ever to be held, with a capacity of up to 800 participants.

Our mission is to increase public understanding and intellectual discussion on the implications of AI for the business world, to raise the technological literacy of students, entrepreneurs, and professionals alike, and to recognise London as one of the world’s major digital capitals for the future of AI.

It is an initiative pioneered by the LSE Entrepreneurs Society, driven to celebrate the newly formed Partnership on AI between Google, Facebook, Amazon, IBM, and Microsoft.

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Investing in Artificial Intelligence - AIBE Talk, London Feb 2017

  1. 1. AI.VENTURE CAPITAL
  2. 2. Early-Stage Investment Fund Carlos Espinal Partner @cee
  3. 3. 16 INVESTMENTS IN AI/ML COMPANIES. ONE OF THE LARGEST AI PORTFOLIOS OF ANY EARLY-STAGE INVESTOR ACROSS EUROPE
  4. 4. INVESTING IN AI
  5. 5. Geographies of Interest
  6. 6. Annual Global Financing History
  7. 7. Compared to Fintech & Proptech
  8. 8. Is Winter Coming? > first winter in 1970-1980 due to component hype (eg. the Speech Understanding Research debacle 1974 grant cancellation) > second winter in mid-1980's due to more component hype (the fall of expensive 'expert systems')
  9. 9. WHAT IS AN INVESTMENT WINTER & HOW DOES IT FORM? WHEN INVESTMENT DRIES UP DUE TO EXCESSIVE INVESTMENT + RISING VALUATIONS + EXCESS VAPORWARE
  10. 10. WHAT DOES GOING THROUGH AN INVESTMENT WINTER FEEL LIKE? VCS DEFENDING INVESTMENTS VS INVESTING IN NEW COMPANIES + DOWNROUNDS/FLATROUNDS + LONGER TIMEFRAME TO FUNDRAISE
  11. 11. HOW IS AI DIFFERENT?
  12. 12. > Like mobile in 2007+ Sector is going from macro category to empowering sub-industries > Major platforms (to build on) are emerging > Much more computational power available (for cheap) > Much more structured data available
  13. 13. Google, Intel, Apple, Twitter, Salesforce
  14. 14. SUB-INDUSTRIES OF INVESTMENT
  15. 15. Industries where the mundane can be automated or where there is little or no margin for error
  16. 16. Industries where good-enough AI-based 'labor' can go mainstream due to economic factors
  17. 17. The Economist on The End of the Bracero and the Rise of the Machine
  18. 18. SO WHAT ARE WE LOOKING TO INVEST IN? Industries where AI can unlock huge value due to lowering costs of operation or increasing value Component technologies: Computer Vision, NLP, Open+Closed data sets
  19. 19. Some of our companies > Gyant/Viz.ai - Healthcare > OpenSensors/Repositive - Data > Reinfer.io - nlp & customer service > Beagle/Legit Patents - Legal automation > Fraugster/ThirdEye - Transaction security > The Rocket Company - Complex & Expensive designs
  20. 20. WANT TO HEAR FROM EXPERTS IN THE FIELD?
  21. 21. The 'This Much I Know' Podcast - > Kenneth Cukier - The Economist > Azeem Azhar - Exponential View > Reinfer.io + IBM Watson - The state of AI > Evan Nisselson - Visual Tech + Computer Vision > AI Is Now Event
  22. 22. Learn more about us @ http://www.seedcamp.com my twitter: @cee sc twitter: @seedcamp

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