How artificial intelligence is changing the startup scene
Artificial intelligence has completely revolutionized the startup scene as it has created thousands of new entryways into the tech industry. AI has been implemented into almost every sector of every industry and has accelerated the development of businesses across the spectrum. A major reason for the spike in AI is the investor activity. In recent years, investors have begun to see the value of AI and have started to increase their investments accordingly.
Tesla, and the greater AI development community has been working on creating “real” AI that can think and act like a human, at least somewhat. This would create an open market of self-operating machines that would surely change the world forever.
Deep learning is largely to thank for AI’s expansion as it has created an opportunity for AI to think similarly to organic matter. But the revolution doesn’t stop there.
Investors are betting on AI
Billions of dollars are being poured into artificial intelligence startups, companies, and projects. Investors are feeling bullish on the future of artificial intelligence and its money-making potential. In fact, AI raised a landmark $9.3 billion in venture capital in a single year.
Artificial intelligence, once an endeavor of esteemed product researchers and established enterprises, is now a venture available to burgeoning startups.
Deep learning has expanded AI applications
Advancements in artificial intelligence APIs have prompted companies to adopt, integrate, and create artificial intelligence software programs.
Deep learning is different from machine learning in that it is in fact deeper. Deep learning systems mimic organic brains, simulating a network of neurons. These neural networks make it possible for machines to learn and apply their skills outside a rote skill or a single subject or functionality.
Because deep learning AI APIs are available to companies both large and small, startups are leveraging these nascent technologies to develop their own AI applications. This has resulted in a profusion of niche AI products, services, and interfaces.
Management is more cost-effective
The advent of artificially intelligent assistants is far from new. However, AI assistants of the past were profoundly subpar. Slack bots, AI email assistants, and voice command assistants like Alexa are practical applications of AI that are useful to both organizations and individuals.
Artificial intelligence is being leveraged by startups to reduce management costs and to consolidate data collection and data tracking software. Allowing bootstrapped organizations to manage enterprise systems and complex projects without overspending.
Distributed companies are easier to manage
Remote work is becoming more and more popular as the years roll on. Startups are less fearful than their more established counterparts when it comes to leveraging nontraditional work arrangements.
This enthusiasm for utilizing remote freelancers is not unfounded, either. A two-year Stanford study found that remote workers are just as productive and even more efficient than the traditional office worker.
These applications have shown positive results for teams in dire need of organization and communication. Startups are now finding operating much simpler as a result of these AI applications as well. Many startups are pursuing full distributed status which allows for its entire team to be remote.
A distributed company is becoming even easier to manage with the help of AI management systems and software programs, further popularizing fully remote startups.
AI raising over $9 billion dollars in venture capital is a good sign as to what the future holds for AI investing. The expansion of AI technologies is undeniable as it has completely overwhelmed the market.
Deep learning goes deeper than machine learning and is responsible for the greater development of AI. As such, many startups are creating deep learning companies who develop “smart” AIs capable of accomplishing a myriad of goals simultaneously.
The same is true of AI management software startups who utilize the technology to help businesses run tighter ships with happier teams. Companies like Slack and Trello utilize AI to power their chatbots and open communication channels between team members.
AI applications make these remote jobs very similar to a traditional workplace without leaving the house. This allows startups to save thousands in early costs and run a great team through AI.
Most of all, most AI APIs are open source and free to use for any entrepreneur seeking an incredible opportunity. AI has made the startup scene a place of even greater opportunity for every entrepreneur.