creathor venture panel artifical intelligence seca 2016 zurich
TRANSCRIPT
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INSIGHTS INVESTMENT VERTICAL
PANEL DISCUSSION
Q/A
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40
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PANEL AGENDAintroduction
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IT IS REALLY HARD TO MAKE COMPUTERS UNDERSTAND LANGUAGE!trends
Paris Hilton
was in Paris
at the Paris Hilton
listening to Paris
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data explosion infrastructure research
90% data / 2 years
0.5% used
28,450xcheaper storage ($/gigabyte)
10,540xcheaper compute ($/M transistors)
special CPUs/GPUsjust for machine learning
deep learning / neural networks
transfer learning
re-inforcement learning
unsupervised learning
ensemble learning
LSTM
3 MEGA TRENDS DRIVE A.Itrends
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SUMMARY - WHAT IS DIFFERENT THIS TIME IN AI TO JUSTIFY INVESTING NOW?mega trends & technologies
Since 1950s there were 3 AI Winters or boom and bust cycles
more affordablecomputing power
more accessibledata
research break throughs(unsupervised deep learning…)
investments government, start-ups, universities, tec companies
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INSIGHT 1 - IMPORTANT MACHINE LEARNING ADVANCEMENT FROM SWITZERLAND (LUGANO)trends
LSTM
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INSIGHT 2 - 2012 BREAK THROUGH: DEEP UNSUPERVISED LEARNING OF YOUTUBE CATStrends
16.00010 million
1 week
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INSIGHT 3 - DEEP LEARNING AND RE-INFORCEMENT LEARNING MIMICS EVOLUTION OF BRAINtrends
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INSIGHT 4 - CHIP / HARDWARE CORPORATES ARE VERY ACTIVE INVESTORSinvestment vertical
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INSIGHT 5 - MACHINE / DEEP LEARNING START-UPS EXIT WAVE STARTED 2014investment vertical
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INSIGHT 6 - TALENT ACQUISITIONS LIKE DEEP MIND WILL OCCUR LESS IN THE FUTUREinvestment vertical
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INSIGHT 7 - MOVING TOWARDS MORE IMMEDIATE BUSINESS VALUE CREATIONinvestment vertical
shadow-detection algorithms predict oil tank volumes for hedge funds
deep learning imagines computer game textures or invents new pixels to transform low resolution pictures to high quality
deep learning auto-corrects and predicts what you are going to write
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INSIGHT 7 - MOVING TOWARDS MORE IMMEDIATE BUSINESS VALUE CREATIONinvestment vertical
new / better data
learning efficiency
insightgeneration
+immediate business value
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INSIGHT 8 - BOTS WILL / SHOULD HELP SIMPLIFY TIME-CONSUMING KNOWLEDGE WORKdeal landscape
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INSIGHT 8 - BOTS WILL / SHOULD HELP SIMPLIFY TIME-CONSUMING KNOWLEDGE WORKdeal landscape
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HARALD NIEDER Red Alpine (VC)
JÜRGEN GALLER 1plusX, Swisscom, Google
MANISH SINGHAL PI Ventures (VC)
RASMUS ROTHE Merantix
PANEL PARTICIPANTSpanel
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EXAMPLE - ETH ZURICH PROJECT PREDICTS ATTRACTIVENESS FOR DATINGinvestment vertical
howhot.io
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VENTURE CAPITAL IS LIKE KITESURFING
OVERCONFIDENCEDEPENDANCECONDITIONS CHANGECRASHINGBOARD CONTROL
this is actually me
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EXAMPLE: MAGIC PONY (UK) SOLD TO TWITTER FOR 150 MILLIONinvestment vertical
[...] will be used to enhance our strength in live and video and opens up a whole lot of exciting creative possibilities for Twitter. [...]
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A.I. IS AN ATTRACTIVE INVESTMENT VERTICALinvestment vertical
ROI multiple 6.8x - 30x+
median time exit 3 years
median # FTE at exit 7.5
attractive kpis with short time to exit * network effects driving exit value
buy academic talent
buy Startups
data | models | talents
own data | models
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* m&a analysis by Playfair Capital