KPMG: VC investment into AI and ML doubled to $12bn in 2017

By Jonathan Dyble
According to new research from KPMG, venture capital (VC) investment hit a decade high in 2017, standing at a total sum of $155bn. Within this, VC inve...

According to new research from KPMG, venture capital (VC) investment hit a decade high in 2017, standing at a total sum of $155bn.

Within this, VC investment in Artificial intelligence (AI) and machine learning (ML) rose from $6bn in 2016 to over $12bn a year later – a 100% increase.

See also:

As emerging technologies such as AI and ML applications have become more diverse, an increasing number of investments have followed, with such technologies becoming more applicable to a multitude of industries.

“Cross-industry solutions will likely be a key focus of VC investors heading into the next few quarters,” said Arik Speier, Head of Technology, KPMG Somekh Chaikin in Israel. “The applicability of innovative technologies, whether AI and machine learning or blockchain, to different sectors will likely keep investors focused and investment high regardless of any pauses among specific industries.”

With this in mind, looking to the year ahead, KPMG is expecting strong VC investment to continue throughout the early stages of 2018.

This could further be attributed to a growing level of competition, as firms look to create funds that can rival that of Softbank’s own $100bn Vision Fund.

Share

Featured Articles

Executive Q&A with CEO Guy Levy-Yurista of Synthace

Chief Executive Officer of Synthace, Guy Levy-Yurista, Ph.D, shares how the cloud-based Sythnace is changing the game for scientists within R&D

Executive Q&A with Shuki Licht, SVP & CIO, Finastra

As SVP and Chief Innovation Officer Shuki Licht discusses life at Finastra, a provider of financial software applications, open-platform and marketplaces

Profits continue to soar for Belfast-based IT firm Kainos

Kainos sales grew by 29% from £235m to £303m, as reported in the financial year ending in March 2022. Major clients include the UK government and the NHS

Executive Q&A with Ciaran Dynes, CPO of Matillion

Cloud & Cybersecurity

Executive Q&A with Tom Homer, President, GTT

Enterprise IT

Trailblazer: Genevieve Bell - a leading mind in cybernetics

AI & Machine Learning