Investments into the AI space more than tripled in 2014 compared to the previous year. These companies include natural language processing, machine learning and predictive APIs.
DeepMind's $400M acquisition by Google crystallized the returns to be made in AI. Now investors from Khosla Ventures to Len Blatvanik's Access Industries are making bets on many artificial intelligence startups. The $650M acquisition of DeepMind Technologies last January helped clarify for venture investors that there is money to be made in artificial intelligence investments. And investors clearly gained interest in the hot AI space through 2014 pouring $309M into AI startups across more than 40 deals, according to CB Insights data prepared for Bloomberg Business.
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