Center for Digital Intelligence
Question: Where are VC's placing their money today? Answer: Vijay Pande, a general partner at Andreessen Horowitz, says, “We’re interested in companies in the healthcare and biology space with machine learning at their core."
Question: When will Twitter finally be profitable according to GAAP rules? Answer: The fourth quarter of 2017 according to Reuters. KRB Comment: Google, Microsoft and Facebook all had great quarters, so it is about time for Twitter to be profitable.
Question: How can the German e-commerce company, Otto, predict, with 90% accuracy, what they will sell in the next 30 days? Answer: They use artificial intelligence (AI) to analyze around 3 billion past transactions and 200 variables (such as past sales, searches on Otto’s site and weather information) to predict what customers will buy each week. The AI system has proved so reliable—it predicts with 90% accuracy what will be sold within 30 days. Source: The Economist KRB Comment: Those numbers are truly impressive, and Otto now let's the AI system order products in advance of sales, WOW! The list of functions that AI can do better than humans is growing quickly.