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AI IN ASIA TODAYZEROTH.AI
SOME OF THE THINGS WE WILL CHAT ABOUT TODAY
▸ What is AI/ML and why is it important?
▸ AI trends across Asia
▸ Program
WHO AM I
MD at Zeroth.ai
First accelerator for Artificial Intelligence/Machine Intelligence startups
MY BACKGROUND
=50 companies
Raised over $67m
Investor in Weave.ai
OUR PROGRAM
$20,000 USD funding for Asian AI/ML startups
Application deadline: September 24, 2016
SOME OF THE THINGS WE WILL CHAT ABOUT TODAY
▸ What is AI/ML and why is it important?
▸ AI trends across Asia
▸ Program
WHAT IS AI/ML?
▸ AI
▸ Some level of cognition-ability in a machine
▸ Weak/Narrow AI - doing one task well
▸ Strong/Full AI: Human-level cognition
▸ ML
▸ Algorithms that allow machines to learn by itself
▸ Examples are: neural network, reinforcement learning, deep learning, genetic programming,
SOURCES
▸ Master Algorithm: How the quest for the ultimate learning machine will remake our world
▸ https://www.amazon.com/dp/B012271YB2/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
▸ Superintelligence: Paths, Dangers, Strategies
▸ https://www.amazon.com/dp/B00LOOCGB2/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1#navbar
▸ Wait But Why: The AI revolution: The road to Superintelligence
▸ http://waitbutwhy.com/2015/01/artificial-intelligence-revolution-1.html
▸ Artificial Intelligence: A Modern Approach
▸ https://www.amazon.com/Artificial-Intelligence-Modern-Approach-3rd/dp/0136042597
WHY AI NOW?
▸ More structured data than ever before
▸ Increased cloud computing power
▸ Do more, faster
▸ Decreasing storage cost
▸ ability to crunch loads of input
A FEW AREAS AI WILL DISRUPT, I
▸ Industries
▸ Self driving: Cruise, Google
▸ Healthcare: Alzheimers: https://getpocket.com/redirect?url=https%3A%2F%2Fmedium.com%2F%40YvesMulkers%2Fartificial-intelligence-could-help-catch-alzheimers-early-c0073a7d9e1%3Fsource%3DuserActivityShare-502c13d18b4-1469332947&formCheck=5d4a479dcab685d6e2774064fda498dd
▸ Online Marketer: Persado: http://persado.com/
▸ Accounting: Smacc: https://techcrunch.com/2016/06/28/goodbye-accountants-startup-builds-ai-to-automate-all-your-accounting/
▸ HR Professional: FlatPI: https://flatpi.com/
▸ Journalism: Wordsmith: https://automatedinsights.com/products/
▸ Editor: Bold: https://bold.bold.io/post/make-your-words-stand-out-udvqaw
A FEW AREAS AI WILL DISRUPT, II
▸ Industries
▸ Education:
▸ Instagram: Prisma: http://prisma-ai.com/
▸ Insurance:
▸ Legal: Ross: http://www.rossintelligence.com/
▸ AI therapist: http://futurism.com/uscs-new-ai-ellie-has-more-success-than-actual-therapists/
▸ B2B marketing software: Optimate and Wondertech
▸ Office workers: X.ai, Mimetic.ai
▸ Deepmind: AlphaGo, Electricity: http://www.bloomberg.com/news/articles/2016-07-19/google-cuts-its-giant-electricity-bill-with-deepmind-powered-ai
A FEW AREAS AI WILL DISRUPT, III
▸ In short - everything
WHAT WON’T HAPPEN SOON
WHY
▸ Machines will always optimize individual tasks well - but across multiple tasks require a different level
▸ The ability to have machines with human-like cognition will take a lot more time to develop
▸ simple analogy - to get a machine to be a father, an athlete, a thinker, and a GO player is HARD
VISUAL REPRESENTATION
STRONG AI STRONG AI
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Theoretical End State What will likely end up happening
WHAT RESULTS
▸ Positives of AI outweigh negatives = net positive
WHAT’S LEFT OVER: IRRATIONAL FEAR
the best defense is "to empower as many people as possible to have AI. If everyone has AI powers, then there's not any one person or a small set of individuals who can have AI
superpower” - in creating OpenAI
DEFENSE
SOME OF THE THINGS WE WILL CHAT ABOUT TODAY
▸ What is AI/ML and why is it important?
▸ AI trends across Asia
▸ Program
▸ 15 days traveling
▸ 6 cities covered
▸ Kuala Lumpar, Ho Chi Minh City, Manilla, Bangkok, Beijing, Sydney
▸ 50 individual meetings
▸ Presented to over 300 people
WHAT WE DID FOR THE LAST TWO WEEKS
PEOPLE WE MET WITH
Conclusions
HO CHI MINH CITY
▸ Ho Chi Minh City has the most potential
▸ The volume of AI startups isn’t high, but the technical quantity and quality of people are
▸ There is a hunger and tenacity in Vietnamese founders
▸ Huge volume of young people (> 50% under the age of 35)
▸ There seems to be a culture of entrepreneurship starting
KUALA LUMPAR
▸ Kuala Lumpar is like Singapore in maturity as compared to Vietnam, but not as developed
▸ Activity centers around MAGIC, the government center for entrepreneurship
▸ There is a lot of government momentum and incentives
MANILLA
▸ Manilla has a high level of business outsourcing expertise, but not necessarily technical expertise nor founders
▸ Most startups center around work optimization and SaaS startups, or are the outsourced workforce for overseas startups
▸ Despite that - a huge number of private work spaces (like WeWork)
▸ Lot of startups deal with ecommerce space because of larger consumer market
BANGKOK
▸ The scene we didn’t get to know the best
▸ Huge volume of people interested in startups
▸ Unsure whether that is full fledge companies or simply founders
▸ Worth another trip to understand
+ SYDNEY
▸ The volume and quantity of startups high
▸ Google’s largest engineer office outside of the US is in Sydney
▸ Lots of founders with experience in the US in Sydney
▸ Investors also understand AI and sophisticated
▸ Very impressive startup scene and organic
▸ Government starting to back the entrepreneurial community
+ BEIJING
▸ Most volume of AI/ML startups that we’ve seen
▸ literally hundreds of founders
▸ The good ones are very well funded
▸ Most are dabbling in it because valuations are high and that it is “hot”
▸ Valuations super high
WHAT WE DIDN’T COVER: SINGAPORE AND JAKARTA
▸ Singapore
▸ Most developed ecosystem in SE Asia
▸ Hugely government subsidized versus organic growth
▸ High funding rounds; most funds have a government tie
▸ Jakarta
▸ Consumer market is huge and most startups cater to the market
▸ Still relatively early in terms of startups
▸ Family funds dominate investor scene
SOME OF THE THINGS WE WILL CHAT ABOUT TODAY
▸ What is AI/ML and why is it important?
▸ AI trends across Asia
▸ Program
PROGRAM
$20,000 USD funding for Asian AI/ML startups
Applications close: September 24
PARTNERS
Jaan Talinn - Co-founder Skype
Jon Bradford - Techstars London MD, founder F6S
Thomas Stone - prediction.io (acquired by salesforce.com)
Nathan Beinach - Playfair Capital
Jung-Hee Ryu - FuturePlay
Jason Chiu - Cherry Picks
Jeremy Fisher - cofounder of Wander (acquired by Yahoo)
Alec Hartmann - cofounder of Digital Ocean
COMPANIES
▸ Deepmind
▸ Vicarious
▸ Mapillary
▸ Siri
▸ Summly
▸ Weave.ai
▸ Rainbird
▸ Seldon
STRUCTURE
▸ Space —
▸ Community-working space
▸ in Hong Kong
▸ Weekly office hours with mentors
▸ Weekly deep dives
▸ $20,000 USD
OUTCOMES
▸ product/market fit
▸ fundraising
▸ at Techstars, average was $1.5m USD after DD
THE TYPE OF TEAMS WE’RE LOOKING FOR
▸ Crazy: Pursuing industries and markets that are non-obvious
▸ Smart: Intellectually bright
▸ Doers: Will build product and users
THE INDUSTRIES WE LOOK FOR
▸ Meta-Layers
▸ NLP
▸ Autonomous driving
▸ Non-obvious sensory perception
