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The age of the AI entrepreneur

A report released by venture capital firm MMC Ventures, in association with Barclays, shows that one in 12 new startups in Europe is an artificial intelligence (AI) company – compared with just one in 50 in 2013.

The report – State of AI 2019: Divergence – shows that AI technology has moved into the mainstream. Corporate adoption of AI has tripled in the past 12 months – one in seven large companies has adopted AI. Within 24 months, two thirds of large companies will have live AI initiatives.

Over three years, the proportion of enterprises with AI initiatives will have grown from one in 25 to one in three – making AI one of the fastest paradigm shifts in the history of enterprise technology....

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