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Creathor Venture panel artifical intelligence SECA 2016 Zurich

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Slides of my panel on artifical intelligence as investment vertical in venture capital shown at the 2016 SECA conference in Zurich. Participants were: Harald Nieder (Redalpine VC), Jürgen Galler (1plusx), Rasmus Rothe (Merantix), Manish Singhal (PI Ventures).

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Creathor Venture panel artifical intelligence SECA 2016 Zurich

  1. 1. PANEL ARTIFICIAL INTELLIGENCE June 2016
  2. 2. 2Private and Confidential ABOUT CREATHOR VENTURE introduction 200+ investments 50+ exits 20+ IPOs
  3. 3. 3Private and Confidential ABOUT CREATHOR VENTURE introduction
  4. 4. 4Private and Confidential INSIGHTS INVESTMENT VERTICAL PANEL DISCUSSION Q/A 10 40 10 PANEL AGENDA introduction
  5. 5. 5Private and Confidential TECHNOLOGY WE USE DAILY MADE POSSIBLE BY AI BREAKTHROUGHS trends
  6. 6. 6Private and Confidential IT IS REALLY HARD TO MAKE COMPUTERS UNDERSTAND LANGUAGE! trends Paris Hilton was in Paris at the Paris Hilton listening to Paris
  7. 7. 7Private and Confidential data explosion infrastructure research 90% data / 2 years 0.5% used 28,450x cheaper storage ($/gigabyte) 10,540x cheaper compute ($/M transistors) special CPUs/GPUs just for machine learning deep learning / neural networks transfer learning re-inforcement learning unsupervised learning ensemble learning LSTM 3 MEGA TRENDS DRIVE A.I trends
  8. 8. 8Private and Confidential SUMMARY - WHAT IS DIFFERENT THIS TIME IN AI TO JUSTIFY INVESTING NOW? mega trends & technologies Since 1950s there were 3 AI Winters or boom and bust cycles more affordable computing power more accessible data research break throughs (unsupervised deep learning…) investments government, start-ups, universities, tec companies 2 1 3 4
  9. 9. 9Private and Confidential INSIGHT 1 - IMPORTANT MACHINE LEARNING ADVANCEMENT FROM SWITZERLAND (LUGANO) trends LSTM
  10. 10. 10Private and Confidential INSIGHT 2 - 2012 BREAK THROUGH: DEEP UNSUPERVISED LEARNING OF YOUTUBE CATS trends 16.000 10 million 1 week
  11. 11. 11Private and Confidential INSIGHT 3 - DEEP LEARNING AND RE-INFORCEMENT LEARNING MIMICS EVOLUTION OF BRAIN trends
  12. 12. 12Private and Confidential INSIGHT 4 - CHIP / HARDWARE CORPORATES ARE VERY ACTIVE INVESTORS investment vertical
  13. 13. 13Private and Confidential INSIGHT 5 - MACHINE / DEEP LEARNING START-UPS EXIT WAVE STARTED 2014 investment vertical
  14. 14. 14Private and Confidential INSIGHT 6 - TALENT ACQUISITIONS LIKE DEEP MIND WILL OCCUR LESS IN THE FUTURE investment vertical
  15. 15. 15Private and Confidential INSIGHT 7 - MOVING TOWARDS MORE IMMEDIATE BUSINESS VALUE CREATION investment vertical shadow-detection algorithms predict oil tank volumes for hedge funds deep learning imagines computer game textures or invents new pixels to transform low resolution pictures to high quality deep learning auto-corrects and predicts what you are going to write
  16. 16. 16Private and Confidential INSIGHT 7 - MOVING TOWARDS MORE IMMEDIATE BUSINESS VALUE CREATION investment vertical new / better data learning efficiency insight generation + immediate business value
  17. 17. 17Private and Confidential INSIGHT 8 - BOTS WILL / SHOULD HELP SIMPLIFY TIME-CONSUMING KNOWLEDGE WORK deal landscape
  18. 18. 18Private and Confidential INSIGHT 8 - BOTS WILL / SHOULD HELP SIMPLIFY TIME-CONSUMING KNOWLEDGE WORK deal landscape
  19. 19. 19Private and Confidential HARALD NIEDER Red Alpine (VC) JÜRGEN GALLER 1plusX, Swisscom, Google MANISH SINGHAL PI Ventures (VC) RASMUS ROTHE Merantix PANEL PARTICIPANTS panel
  20. 20. 20Private and Confidential EXAMPLE - ETH ZURICH PROJECT PREDICTS ATTRACTIVENESS FOR DATING investment vertical howhot.io
  21. 21. 21Private and Confidential BACKUP
  22. 22. 22Private and Confidential VENTURE CAPITAL IS LIKE KITESURFING OVERCONFIDENCE DEPENDANCE CONDITIONS CHANGE CRASHING BOARD CONTROL this is actually me
  23. 23. 23Private and Confidential MACHINE INTELLIGENCE STARTUP LANDSCAPE IS VAST... investment vertical
  24. 24. 24Private and Confidential EXAMPLE: MAGIC PONY (UK) SOLD TO TWITTER FOR 150 MILLION investment vertical [...] will be used to enhance our strength in live and video and opens up a whole lot of exciting creative possibilities for Twitter. [...]
  25. 25. 25Private and Confidential A.I. IS AN ATTRACTIVE INVESTMENT VERTICAL investment vertical ROI multiple 6.8x - 30x+ median time exit 3 years median # FTE at exit 7.5 attractive kpis with short time to exit * network effects driving exit value buy academic talent buy Startups data | models | talents own data | models 1 2 * m&a analysis by Playfair Capital
  26. 26. 26Private and Confidential EXAMPLE: TEXTIO CORRECTS YOUR JOB POSTINGS IN REAL-TIME investment vertical

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