Shopify Throws Hat Into Chatbot Ring

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In what would be an anomaly for the startup market, according to a report in the Wall St Journal , Layer 6 had up until the sale taken no venture money, with founders bootstrapping the business from day 1.

Like many trending areas, AI has been a hotspot for conversations at the C-Suite level, but a sore spot when it actually comes to real investments. According to research, advisory, and consulting firm Celent, the vast majority of AI initiatives are still in the planning and consideration phase.

Banks surveyed in their Understanding the Investment into AI in Banking, only showed deployments of AI technology in fraud, risk and natural language processing areas. It is behind the Borealis AI institute which has several campuses across Canada. Wells Fargo has an internal AI team , which it set up in early Citi Ventures is an investor in ML powered financial crime fighting platform Feedzai.

Santander InnoVentures have Pixoneye and Gridspace in their portfolio. Gridspace on the other hand plays in the voice space, a hot area thanks to the rise of in home devices. Remarkably, InnoVentures claims 70 per cent of its portfolio companies are now in commercial engagement with Santander Group.

You are commenting using your WordPress. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. January 10, Jessica Ellerm. So aside from TD, what banks have launched or are backing AI initiatives? This is by no means an exhaustive list, but here are some highlights. Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in: Email required Address never made public.

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