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Follow Up Friday: Recent Report Shows More Startup Companies in AI and Machine Learning over Blockchain
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Follow Up Friday: Recent Report Shows More Startup Companies in AI and Machine Learning over Blockchain

Follow Up Friday: Recent Report Shows More Startup Companies in AI and Machine Learning over Blockchain

Fintech Nexus Staff·
FintechNews Roundup
·Mar. 24, 2017·1 min read

A recent report by Startupbootcamp and PwC points out that startup trends in 2016 moved towards artificial intelligence (AI) and machine learning companies compared to blockchain; the data shows that 16% of applications to Startupbootcamp are from artificial intelligence and machine learning companies, whereas blockchain applications account for only 6%; blockchain was certainly a bigger buzzword in 2016 but one reason that AI and machine learning has more startups is because companies like Google, Facebook and Amazon have made significant investments in the technology; additionally, the report points out that as blockchain becomes more industrialized more startups will use the technology instead of being a blockchain startup.  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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