Venture capital funding is rushing into machine learning startups

Shivon Zilis. (Portrait by Roberto Caruso)Several years ago, Big Data was the new thing turning every venture capitalist on his (or, only very occasionally, her) ear. Today’s go-to trend is using machine intelligence (MI) to help businesses exploit their data to work smarter. “In the next five to 10 years, it’s going to be very difficult to see any data-oriented piece of the world not fundamentally transformed by this technology,” predicts Shivon Zilis, an investor at Bloomberg Beta, based in San Francisco and New York.How machine learning transforms financial risk managementMachine intelligence startups have amassed almost US$1 billion in investments since the technology began to look viable in 2010, according to CB Insights. The rapid development in this nascent field has spawned venture capital funds, like Data Collective and Bloomberg…

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