The New World Order Of Artificial Intelligence

Facebook CEO Mark Zuckerberg, left, and Tesla and SpaceX CEO Elon Musk have started an online smackdown over the possible threat of artificial intelligence underlines how little most people know about the rapidly advancing technology. (AP Photo/Manu Fernandez, Stephan Savoia) Despite the public debate between Elon Musk and Mark Zuckerberg on whether or not artificial intelligence (AI) is good for humanity and on the heels of Facebook’s news it had shut down its AI engine because chatbots had started talking to one another in their own language, AI is still in high-growth mode. Analyst firm Research and Markets predicts the global AI market to grow to $23.4 billion by 2025. In July 2017, UK startup, Graphcore, closed a $30 M investment round for Niklas Zennstrom’s venture capital firm, Atomico. Zennstrom was one of the co-founders of Skype. Graphcore makes chips specifically for AI applications. Other investors in this funding round include Draper Esprit, Robert Bosch Venture Capital, Amadeus Capital, C4 Ventures, Foundation Capital, Pitango and corporate investors Dell Technologies Capital and Samsung Catalyst Fund. Individual investors include Demis Hassabis, the CEO of DeepMind. The total investment for the company is $62 M. Graphcore’s investment comes on the heels two recent global AI milestones. The first is…

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