The document discusses the slow progress of artificial intelligence, highlighting that only 5% of AI's potential has been realized. It notes significant investment trends in AI, particularly in fintech and insurance, with a rise in deals and funding since 2012. Additionally, it emphasizes New York City's ecosystem as a hub for AI due to its concentration of researchers, SMBs, and corporate support.

1. IN PARTNERSHIP WITH
PRESENTED BY

2. Whenever you find
yourself on the side
of the majority, it
is time to pause and
reflect.
-Mark Twain

7. Despite the astonishing
advances, we are a long way
from machines that are as
intelligent as humans – or
even rats. So far, we’ve only
seen 5% of what AI can do.
Yann Lecun
NYU
Facebook AI Research

9. Healthcare
More than 270 deals going to the
category since 2012.
Horizontal Applications
Deals reached a 5-year-high of 79 in
2016.
Fintech and Insurance
AI in fintech and insurance tech is the
leading category for deals in 2017 so
far.
Other
Sales & CRM deals nearly doubled in
and the pace of cybersecurity deals
picked up in Q1’17 after a slowdown
in 2016.

10. Q3 2017
Since 2012
$14.9 Billion
across
2250 deals
Q1 2017
Since 2012
$22.8 Billion
across
2954 deals

15. NYC AI Ecosystem

16. ç
Why NYC is a hub for AI?
Corporate Research Labs Leading AI Researchers Concentration of SMBs
Universities Experienced B2B Talent Fortune 500s

17. Corporate Research

21. Thank You!
www.cbinsights.com

22. Thank You!
kuyan@nyu.edu
futurelabs.nyc
nyc.ai