Artificial intelligence is one of the most exciting and transformative opportunities of our time, argues Nathan Benaich, an investor at London-based investment firm Playfair Capital.
While the field has gone through two cycles of bull (‘50s-’70s and ‘80s) and bear (‘70s and ‘97-’93) markets, where expectations were hyped up only to eventually fall short of their promises, I think this time is different.
From my vantage point as a venture investor at Playfair Capital, where I focus on investing and building a community around AI, I think it’s a fantastic time to build and invest into companies creating or leveraging AI for their products and services.
There are three key reasons. First, our addictive usage of the internet, software products and smartphones – all two billion of them – has created data assets that describe our behaviours, interests, knowledge, connections (and more) at a scale and granularity that has never existed before....