European “AI startups” aren’t actually using AI

A shockingly high number of firms purporting to be AI-powered don’t appear to actually use the technology at all, a new report has found.

study by London-based venture capital firm MMC found that 40 per cent of European startups classified as ‘AI companies’ don’t actually use artificial intelligence in a way that is “material” to their businesses.

https://www.itproportal.com/news/european-ai-startups-arent-actually-using-ai/

Advertisements