An Interview with Iria Miller: CNN’s David Kelnar Discusses The State of AI 2019

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**Swift, Silent, Deadly. Oorah! | The Rise of AI Startups in Europe – AI Entrepreneurship | AI Trends**

Artificial intelligence is revolutionizing the entrepreneurial landscape, empowering startups to challenge industry giants. In Europe alone, nearly 8% of new companies in 2018 embraced AI as a core aspect of their value proposition [^1^]. Join David Kellner, Head of Research at MMC Ventures, as he highlights the surge in AI-driven startups and explores the hidden nuances in this exciting trend.

Discover why 1 in 12 European startups are utilizing AI to deliver value and how entrepreneurs are driving a paradigm shift [^1^]. However, Kellner cautions that not all AI startups are what they claim to be, revealing that in approximately 40% of cases, there was no substantial evidence of AI in the company’s offerings [^1^]. This emphasizes the importance of thorough due diligence for big companies seeking AI services or investors looking to capitalize on this trend [^1^].

Contrary to misconceptions, AI startups are not intentionally misleading others. In fact, many companies are eager to showcase their advanced technology. Our research shows that AI-based companies raise an average of 15-50% more capital than their non-AI counterparts, with higher valuations [^1^]. The heightened attention and funding AI startups receive contribute to their growth and success.

So what exactly is artificial intelligence? Kellner explains that we are currently in an era of machine learning, where systems can improve through experience instead of rigid rules [^1^]. This distinction sets it apart from the previous big data movement. Machine learning is responsible for groundbreaking advancements like autonomous vehicles, image recognition systems, and automated diagnosis in healthcare [^1^].

While some question the ultimate potential of AI, Kellner asserts that real progress has been made and tangible use cases exist across various sectors [^1^]. From manufacturing to retail to healthcare, AI is driving revenue growth and cost savings for companies of all sizes. However, not every industry has fully harnessed the power of AI. Sectors like education and government are lagging behind and urgently need to catch up [^1^].

Concerns about job displacement arise when discussing AI’s impact. Will automation render people obsolete or create new opportunities? Kellner acknowledges the risks and encourages open discussion and mitigation of these issues. While certain roles may be directly automated by AI, many others will benefit from augmented capabilities [^1^]. The challenge lies in ensuring that those displaced have the means to reintegrate into the evolving workforce, minimizing social dislocation.

Kellner predicts that within the next 5 to 15 years, the transformative effects of AI will cause significant shifts in various industries [^1^]. Sadly, education and government, two sectors crucial for addressing these changes, are currently the most deficient in their adoption of AI. As society endeavors to address this disparity, it’s essential to ensure that the most vulnerable members are not left behind [^1^].

Join us on this informative journey as we explore the rise of AI entrepreneurship and its implications for the future. Subscribe to our channel for more insights into the exciting world of technology and innovation!


vid_tags, AI entrepreneurship, AI startups, AI trends, European startups, artificial intelligence, machine learning, job displacement, technology, future of work


[^1^] [MMC Ventures: The AI Landscape in 2019](

Swift, Silent, Deadly. Oorah!

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