Rise Of The Machines: How Will Artificial Intelligence And Machine Learning Affect Capital Markets?
Artificial intelligence, ‘big data’, ‘cloud computing’ and ‘machine learning’ are words that have become central to many company funding pitches or marketing material, but as governments and businesses channel investment into technologies that will change how we live and work, what does it mean in practice for our global financial systems?
There has been plenty of hype and confusion surrounding artificial intelligence (AI), with one recent survey by MMC Ventures suggesting that of 2,830 purported AI start-ups in Europe, only 60 percent (1,580) showed “evidence of AI material to a company’s value proposition”. Given that AI companies attract higher valuations from investors, it is perhaps not surprising that some companies raising funds have sought to attach themselves to the AI bandwagon. READ MORE ON: ZAWYA