Artificial intelligence - the next industrial revolution?
The emergence of artificial intelligence (AI) has heralded a shift in the way that consumers and businesses engage with technology. Already deeply embedded in our daily lives, the transformative potential of AI can bring exciting market opportunities to the fore for businesses quick to embrace it.
External investment has accelerated the growth of AI and ushered in a new disruptive era set to transform all sectors. 2016 was a significant year for AI, with many of the world's largest tech firms investing in more than 20 start-ups in order to gain a competitive edge. With these players vying for standout companies leading the way in innovative AI technology, M&A competition in this space is set to be fierce in the years ahead.
Daniel Domberger, Managing Director and co-lead of Arrowpoint Advisory's TMT sector team, recently spoke to Financier Worldwide to share his thoughts on the AI market and recent technological advancements, from consumer-facing online 'chatbots' to Watson's tax advice and more broadly to self-driving cars. Click here to read the full article and find out why the excitement has moved from AI as a generic solution to its applicability to specific situations which are well-defined.
Featured in the April 2017 issue of Financier Worldwide Magazine.