Investor’sViewonMachineIntelligence@ValyaPreobragensky’smeetup@YellowDoorsApril3,2016
VictorOsyka,[email protected]@p://C.com/victor.osika
Quotes• VinodKhosla:incoming10-20yearswillchangeourlivesmorethanInternet,thansmartphones
• EricSchmidt:machinelearning+crowdsourceddata=everyhugetechIPOsincoming5years
Wording,tasks• DL,ML• “AI”–wave#3inlast50years.BecauseofDeepLearning
• Whyhypenow– Shi[fromrules-basedso[waretoprobabilis]cworld– FalsePosi]ve,FalseNega]ve–e.g.atFBfacerecogni]onisperceivedhigh
evenif10%error,e.g.GoogleCarperceivedasbadevenif0.01%error:)– Discoveryofrelevantapplica]ons:
• e.g.Machinevision,imaging• e.g.Deepmind->control->games,Go• e.g.NLP-fromcomputa]onallinguis]cstoDeepLearning?
HowHypesWork
AI/MIfunding:only$0.3Bin2015,outof$100BVCintotalglobally(so,$60BinUS,$40BinIT)
Approach• Ver]cals
– (almosteverything,actually)
VS.
• Plakorms– (likeDeepMind,likeScaledInferenceetc.)
Year Name $raised Exit Compe]]veadvantages
2005 Numenta,US Mostrecent-$6M2013
CLA/HTMisaboutpa@erninferenceontemporaldata,butnotDLcompany?
2010 Vicarious,US $70MfromE.Musketc.
Focusedonsensingtheworld?(visually,sensors,etc.)CombinebiologywithCS.Wellfunded,hugeteam,independent.CTOfromNumenta
2011 DeepMind,UK $40M? $500M
NowGoogle.Accesstoenormousdatafeeds.30peopleatthemomentofacquisi]on,now200.
2011 Maluuba,Canada $12M DLforNLPinterface.50MusersacrossTV,IoT,phones.Veryseasonedexecteam.ExploitCanadianDLtalent.Samsungasstrategicinvestor.
2014 ScaledInference,US $21M 2Russianfounders:)Valley-based
2014 DeepIns]nct,Israel Unknown Deeplearningforcybersecurity,longIsraelicybersecexperience
2014 MetaMind,US $8M DLforimagerecogni]on,thenNLP.RNN-based.Usedynamicmemorynetwork.R.Socher+hismachinelearningstudentsatStanford.Y.BengioandChrisManningadvisors.Valley-based.
2014 VivLabs,US $30M DLaimingtomake“intelligenceasacommodity”fordevelopers.NLPfocus.Sirifoundersbehind.Wellfunded.Valley-based.
2015 CuriousAI,Finland $1M ClosetoRussia:)
2015 OpenAI,US $1Bendowment Non-profit.Flexibility,ManyRussians:)(HeadofR&D-IlyaSutskever-oneoftheworldexpertsinmachinelearning,AndrejKarpathy,SergeyLevineetc.)
2015 NNAISENSE,Swiss Unknown Prof.Schmidhuber’sbackgroundandhisresearchteam.
Whatishot?
DeepLearningis“seeking”/”discovering”setsofproblemstobesolvedbythisapproach:• Naturelanguageprocessing• Controlsystems• MLforBIGver]cals
• Voicerecogni]on-dialoguesonly• Machinevision–nothot
Brainsforbots?
h@p://techcrunch.com/2015/09/29/forget-apps-now-the-bots-take-over
InvestorsinRussia• Skolkovo,robo]csclusterplansto
fund20AIprojectsin2016
• Angelsnonqualified• Angels–qualified
• Funds
• DangerousRussiancorporateinvestors:)– Offer$,customers,R&Dhelp,– Butaskfor70-100%ofyourequity
Investorsabroad• Angels• Seed
– YC–15-20outoflast110projectsbatch–AI/MI– Acceleratorse.g.GeneralCatalystonbots
• VCfunds– FoundersFund,KhoslaVentures,HorizonsVentures,etc.
• Strategic(Tencent,Samsung)
• USinvestorsavoidRussianow:(((
WeseekMachineIntelligencestartups
• Currentporkolio:RoboCV,Nival,etc.
• h@p://Facebook.com/victor.osika