Artificial Intelligence (AI) will create $13 trillion in value by 2030, according to McKinsey. That's a pretty good reason to take a closer look at the AI market and see what's under the hood. And that's exactly what I did in the Enterprise VC: 2019 AI Market Review deck.

1. Enterprise VC:
2019 AI Market Review
Lolita Taub
@lolitataub

2. AI will create
$13 trillion
in value by 2030
2Source: McKinsey

3. AI
Gartner defines Articial as technology that appears
to emulate human performance typically by
learning, coming to its own conclusions, appearing
to understand complex content, engaging in
natural dialogs, enhancing human cognitive
performance, or replacing people in execution of
non-routine tasks.
Source: Gartner
3

4. 4
Time
1955
1969
“Shakey” the first general
purpose mobile bot is
born
2002
1997 2005-2018
Speech recognition, RPA,
Dancing Robots, Smart
Homes + more to come
The phrase “Artificial
Intelligence” coined by
John McCarthy
Supercomputer “Deep
Blue” beat the world chess
champion in a game
First commercially
successful robotic
vacuum cleaner was
invented

5. Hype cycle:
Peak of
Inflated
Expectations
5

6. 6
Types
Narrow AI
AI that automates single
activities and outperforms
human efficiency.
General AI
AI that can perform any
intellectual task a human.
Super AI
AI, also known as the Singularity,
where AI becomes smarter
than humans.

7. AI Market, Patents, and Funding
7

8. 8
$60BAI Worldwide Market by 2025
36.62% AI Market CAGR 2018 to 2025
Market | 2019 - Future
Source: Tractica

9. 9
5x
Patents | 2004 - 2014
Source: AI Index
more AI patents today

10. 10
350%
Funding | 1995 - 2017
Source: AI Index
Increase in AI funding

11. 11
AI Startup Ecosystem

12. 12

13. From 1995-
2018
113%
Increase in
AI startups
Source: AI Index
13

14. AI Deals | Q3’13 - Q3’18
14
Last updated on 10/9/2018. Source: CB Insights
5K AI startups deals across +25 industries
$44.6Braised

15. Enterprise AI Market
15
$31B by 2025
Source: Statista
48.5%, expected CAGR to 2024

16. Enterprise AI | 2018
80%of Enterprises Are Investing in AI
$19.1Bspent worldwide
16

17. 17
Enterprise AI
Embeds
by Region
Source: AI Index

18. Enterprise AI
Expected Benefits
18

19. Enterprise AI
Expected Value
19

20. Value by Industry
Industries that stand to gain most value from AI::
1. Travel
2. Transport and logistics
3. Retail
4. Automotive and Assembly
5. High Tech
20
Source: McKinsey

21. Enterprise AI | Top 5
Industry Spenders
Automotive
$10.6B expected
spend on AI by
2025
Retail
$3.4B expected
spend on
customer
service agents
and expert
shopping
advisors in 2018
Banking
$3.3B expected
spend on threat
intelligence and
fraud analysis in
2018
21

22. Enterprise AI | Top 5
Industry Spenders
Manufacturing
$2.0B expected spend
on preventative
maintenance, quality
management
investigation, and
recommendation
systems in 2018
Healthcare
$1.7B investment to
diagnosis and
treatment systems in
2018
22

23. Enterprise AI
Top 100
Source: CB Insights
23

24. 24
Automotive
Momenta -Perception
DeepMap - Mapping
Pony.ai - AV
Nexar - Driver Safety
Retail
Signifyd - Anti-Fraud
ABEJA - Analytics
AiFi - Check out free store
TwentyBN - AI Assistant
Banking
DataVisor - Anti-Fraud
AppZen - Auditing
Behavox - Behavioral Analytics
Enterprise AI | AI 100 by Industry + Focus

25. 25
Enterprise AI | AI 100 by Industry + Focus
Manufacturing / Industrial
C3 - IoT
Zymergen - Material Discovery
Landing AI - Quality Inspection
Sense Labs - Energy
Desegregation
Healthcare
Butterfly Network - Imaging +
Diagnostics
Atomwise - Drug R&D
Gauss Surgical - Operating Room
LeanTaas - Administrative
Medopad - Remote Monitoring
Mindstrong Health - Mental Health
General Enterprise
Shape Security - Cybersecurity
Mighty AI - Training Data
Applitools - Software Dev
Automation Anywhere - RPA
BounceX - Ads, Sales, Marketing
DataRobot - Data Management
Orbital Insight - Alternative
Data
Element AI - Other
PROWLER.io - RL Platform

26. ● Google Ventures (27)
● Kleiner Perkins (22)
● Data Collective (21)
● New Enterprise Associates (19)
● Accel (16)
26
Source: CB Insights
AI Investors | Top VCs by # of Deals

27. 27Source: Deloitte
Since 2013, over 40% of AI companies
have had VC backing.
AI Exits

28. AI Exits
Source: CB Insights

29. 29
AI Exits | Biggest AI Deals 2018
Dataminr
$392M
Analytics
Crowdstrike
$200M
Security
Tanium
$175M
Security
UiPath
$153M
RPA
Cylance
$120M
Security
AutoLab A1
$113M
Automotive
pony.ai
$111M
Automotive
C3 IoT
$100M
IoT
Nuro
$92M
Automotive
Tempus
$80M
Healthcare
Stem
$80M
Energy
Source: CIO

30. 30
Source: CB Insights
AI Unicorns

31. *NExTT stands for Necessary, Experimental, Transitory, Threatening and is part of the CB Insights NExTT Framework
31
What’s NExTT* in AI?

32. Source: Deloitte
32
Source: CB Insights

33. 33
Resources
● Gartner | Hype Cycle for Emerging Technologies, 2018
● AI Intelligence Index | AI 2018 Annual Report
● FirstMark | Big Data & AI Landscape 2018
● IDC | Worldwide Spending on Cognitive and AI
● Occams Research | Global Enterprise AI Market: Tech, Market Share and Industry Forecast to 2024
● Taradata | Survey: 80 Percent of Enterprises Investing in AI, but Cite Significant Challenges Ahead
● Deloitte | State of AI in the Enterprise, 2nd Edition
● IDC | Worldwide Semiannual Cognitive Artificial Intelligence Systems
● McKinsey | AI Frontier Applications and Value of Deep Learning
● CB Insights | AI Deals Tracker
● Sage | AI in 2019: A Handbook for Business Leaders
● Tractica | AI Software Revenue to Reach $59.8B Worldwide by 2025
● Topbots | The Essential Landscape of Enterprise AI Companies (2018-2019)
● Forbes | 80% Of Enterprises Are Investing In AI Today
● CB Insights | AI 100: The Artificial Intelligence Startups Redefining Industries
● CB Insights | What’s next in AI?
● CB Insights | The Race For AI: Google, Intel, Apple In A Rush To Grab Artificial Intelligence Startups
● CIO | The biggest AI startup deals of 2018
● McKinsey | Notes from the AI frontier: Modeling the impact of AI on the world economy

34. Lolita Taub
@lolitataub

35. 35
Appendix +

36. Enterprise AI
Startups
Source: Topbots

37. Enterprise AI
Top 100
Source: CB Insights

38. What’s NExTT
in AI?
38
Source: CB Insights