AI Equity Deals, 2013–2017 (excluding hardware-focused robotics start-ups), Source: CB Insights
- Corporations are betting on the new digital technologies. Mentions of the words “digital” and “technology” in earning calls are increasing. I see a similar trend in the acquisitions of digital technology startups.
AI Start-up Acquisitions, Source CB Insights
- Governments follow suit by starting projects to digitize processes, “eliminate paper” and embrace a “cashless society”.
- Consumer expectations of digital technologies are also changing. The majority already use AI-powered devices of service without actually realizing and understanding. Yet, when new tech products are introduced, they are often disappointed. The expectations are simply higher. Faster, safer and smarter services appear to be very attractive for consumers.