Tech giants are making acquisitions in the AI space, and an increasing number of startups are working with the technology.
But what’s key to succeeding in the AI space?
Speaking at The Europas, a European startup conference held in London today, John Henderson, principal at Whitestar Capital, spoke about the overwhelming competition in the space and noted the need for young tech firms to stand out from the crowd.
“When it comes to investing in AI startups what we look for and what is hard to find is defensibility,” he said.
DeepMind – acquired by Google in 2014 – Henderson argued was “a one-off”.
“It [DeepMind] was acquired for the research talent. Startups out there need to think about AI as an enabling technology or a platform, as opposed to every startup building their own AI technology,” added Henderson....