KPMG: VC investment into AI and ML doubled to $12bn in 2017
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.
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.
Searching for the Top 100 Leaders in Technology
The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.
The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.
This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.
The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day.
“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”
Nominations are already coming in, with some notable highlights including:
Rhonda Vetere - Herbalife
Bryan Smith - Expedient
Nominate your Top 100 Leader HERE
The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.