Working on what the most valuable company in the world in the field of AI?

It recognizes faces. He knows what kind of videos you might like. He may be able to recommend the best treatment for your specific case. Artificial intelligence and its subgroup of subjects - such as machine learning, natural language processing and computer vision - become more and more integrated into our daily lives, whether we like it or not. What was once science fiction, it has now become a routine research and development in university labs around the world.

Working on what the most valuable company in the world in the field of AI?

Likewise, build capacity, and start-ups working on artificial intelligence techniques - and with them grow and stock prices. More than 30 of these companies now are estimated at one billion dollars, according to research CB Insights. Private companies with an estimate of one billion until recently were rare, so that they even nicknamed "Unicorn". But now there are more than 325, all of which the assessment is poured nearly a trillion dollars.

Startups AI takes 10% of the total list, and rapidly growing in number over the last 4 years from zero to thirty-two. Last year, as many as 17 startups on AI struck billion-dollar threshold.

But what is behind all this money? Discuss this can be in our Telegram-chat.

Big Brother is Watching You

Let's start with the bad news.

Face Detection - this is probably one of the most common applications of AI today. In fact, this technology, which is already a lot of years, created by a man named Woodrow Bledsoe, who used the RAND-plate matching for the semiautonomous entities from the database. It was in the 1960s. Today, most of us are familiar with the face recognition as a way to unlock the smartphone. But the technology has gained popularity as a tool for supervision of law enforcement, particularly in China.

It is no secret that facial recognition algorithms developed by a number of "unicorns" AI from China - SenseTime, CloudWalk and Face ++ (also known as Megvii) - are used to monitor the 1, 3 billion people in the country. Police there even wears glasses with AI for these purposes.

Chinese startup Yitu Technologies, a fourth of a billion dollars, is also developing a platform for face recognition in the field of security and developing artificial intelligence systems in health care. For example, its visualization intelligent system four CARE.AITM may identify in real time the various inflammations, including possible early detection of cancer.

Artificial Intelligence: doctor

As noted by Peter Diamandis, the AI ​​is rapidly complements and improves health and longevity. In this regard, he points to another "Unicorn" from China: iCarbonX, which plans to use the machine to develop individual health plans for each individual.

Several "unicorns" in the field of hardware in healthcare - it OrCam Technologies and Butterfly. First, the Israeli company has developed a wearable device for visually impaired people MyEye, which is attached to the glasses. The device can identify people and products, and read the text, transmitting information through digital audio.

Working on what the most valuable company in the world in the field of AI?

Butterfly Network of Connecticut completely updated healthcare market with a portable ultrasound device, which works with your smartphone.

"ORCAM and Butterfly - amazing examples of how machine learning can be integrated into solutions, which provide a step by step improvement even advanced technologies ultrakonkurentnyh markets," said Andrew Byrnes, investment director at Comet Labs.

Artificial Intelligence: driver

The Comet Labs portfolio two "unicorn" in the field of AI: Megvii and Pony.ai.

The second of them - one of the three start-ups to billion dollars developing artificial intelligence technology in an autonomous vehicle, and the other two - Momenta.ai and Zoox.

Founded in 2016 near San Francisco (and headquarters in China), Pony.ai debuted its PonyAlpha government system in the past year. This platform uses a plurality of sensors (LiDAR, radar and cameras) to navigate in the environment, but its "sensor fusion" simplifies the task of choosing the most reliable sensor data in any particular driving scenario.

Zoox - another startup in San Francisco, founded a couple of years ago. At the end of 2018, he received the green light from the State of California and was the first company to develop an autonomous vehicle which transports passengers in a pilot program. Meanwhile, Momenta.ai from China is testing the fourth level of autonomy for its self-driving system. Autonomous driving levels are measured from zero to five, where five is equal to the level of the person behind the wheel. The buzz around the Autonomous driving is currently at its peak, and Byrnes believes that in the foreseeable future regulatory checkpoints will keep most cars with self-idling. The exception is China, which uses a "systems" approach to the autonomous transport.

"If an autonomous vehicles will solve the more serious problems, such as traffic, and will cause government support, it will have the potential for rapid development. That is why we believe that Pony.ai will be the winner in this area. "

Artificial Intelligence: Process Automation

Technology based on artificial intelligence, which will be appreciated by fans perhaps that cult classic Office Space, this robotic process automation (RPA).

RPA companies take the daily work of the back office, such as filling the accounts or insurance claims processing, and transfer it to the bots. Then comes into play the intellectual part, because bots can work with unstructured data such as text in an email, or even video and pictures to fulfill the increasing variety of tasks.

This involved Automation Anywhere and UiPath, rather old company, founded in 2003 and 2005. It was only in 2017, they have attracted $ 1 billion in total financing.

Artificial Intelligence: cybersecurity

Cybersecurity - another industry in which AI promotes investments in startups. Such impressive names as CrowdStrike, Darktrace and tanium, use different methods of machine learning to protect computers and other IT resources, in addition to a simple upgrade to the latest version of antivirus. Darktrace, for example, draws inspiration from the human immune system. Its algorithms can "learn" a unique plan for each device and user on the network, identifying emerging problems before the situation gets out of control.

All three companies are used by large corporations and governments around the world.

What's next?

The most expensive start-up in the world - the Chinese company Bytedance - currently estimated at $ 75 billion. What she knows? Create news and 15-second viral video. However, companies like Comet Labs is not invested in such companies.

Byrnes sees real value in start-ups that use "approach to problems based on data specific to the unique industries." For example, the "unicorn" Uptake Technologies of Chicago examines incoming data from machines, from wind turbines to tractors to predict the emergence of problems before they can affect your arrangements. Mostly PingThings while the company conducts a similar analysis for the sector of energy services.

It will be extremely interesting to see how the industry will change in three to five years. Check out our Zen, there are many interesting things on this topic.