investment lenses for machine intelligence // shivon zilis, bloomberg beta [firstmark's data...
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MACHINEINTELLIGENCEUPDATEShivon Zilis /// Bloomberg Beta ///
2016
1. What’s happened in the last year?
2. What was it about the machine intelligence companies we invested in that made us jump to attention?
3. What do we hope to see in the future?
What’s Happening?
• Explosion of activity
• Experiments are cheap
• Big players building general systems
• Startups focusing on niches that provide immediate value
What’s Interesting?
• Many defined flavors of agents already!
AGENTS
Cyborgs Synthesizers Coordinators
Transactors Companions Diagnosticians
AGENTS
Example Investment: StealthCo
• Everyone can have an algorithmic analyst – even analysts!
• Allows me to be more “human”
• “In 5 years it will be crazy to start a research project without having an agent do a first pass for you”
AGENTS
AUTONOMOUS SYSTEMS
What’s Happening?
• Pandemonium
What’s Interesting?
• “Next phase” autonomous systems companies
AUTONOMOUS SYSTEMS
Example Investment: Tule Technologies
• Movement on the decision making continuum:
Manual –> Data as Input –> Data as Default –> Autonomous
• “In 5 years it will be crazy for a farmer to overwater their fields ‘just in case’”
ENTERPRISE
What’s Happening?
• Big Data -> Small Data
• Business Problem Specific
• Full Stack Solutions
What’s Interesting?
• Magic Wands!
ENTERPRISE
Example Investment: Textio• Data partnerships!• Invisible MI• Makes you smarter even when you’re not using it• Fun?!• “In 5 years it will be crazy to ever hit ‘publish’ without using a
domain specific text optimizer”
PLATFORMS
What’s Happening?
• Business models tough
• Whale hunting ftw
What’s Interesting?
• Data enrichment and new data types
PLATFORMS
Investment Example: Gridspace• Passive data capture!• Little / no behavioral change, saves me from myself• Makes me feel terrible if I’m not using it now• “in 5 years it will be crazy not to have an automated
summary of your important business conversations
INDUSTRIES
What’s Happening?• Grey market innovation• Healthcare +
Transportation + Legal + Finance
• For good!
TECH USER TOOLS
What’s Happening?
• Open Sesame
What’s Interesting?
• It’s never been a better time to create an integrative solution
• Data science becomes a team sport
• Frees us up to be more “human”• Moves along the data-driven decision continuum• Makes machine intelligence “invisible” to the user• Solves a specific business problem• Has the right data strategy (proprietary, partnerships,
mousetrap)• Causes little to no behavioral change, employs
passive data capture• Seems crazy that we won’t use something of its type
in 5 years
INVESTMENT LENSES
• What if I had the same support staff as a Fortune 500 CEO?
• What if I never had to feel lonely again?
• What if I never had to go to a primary care physician again?
• What if I could measure the effectiveness of every word I said?
• -What if I never had to drive again?
WHAT IF…