Artificial Intelligence (AI) is a broad sector of technology that is defined by the fathers of the field Minsky and McCarthy as 'any task performed by a program or a machine that, if a human carried out the same activity, we would say the human had to apply intelligence to accomplish the task'. In today's world it is ubiquitous - Tesla and Google are powering their self-driving cars with it; financial institutions use it to detect fraud and even Spotify and Amazon's endless streams of personal recommendations are informed by AI. AI is also one of both Australia and the world's fastest-growing and most potentially lucrative tech sectors, with the AlphaBeta report estimating Australia's AI economy to be worth $315 billion by 2028. 21% of Australia's 1400+ startups already consider AI as part of their product and/or service, yet there is a funding gap at the Seed/Angel stage for scaleup companies and only 3% of total venture funding is at Seed/Angel stage. This is where Boab AI come in! Boab AI's mission is to address the gap in AI scaleup funding in Victoria. That's why this October they're joining us to host Pitch Night: AI, where we'll bring together 4 of the best and most ambitious local AI startups to pitch on the (virtual) stage to a room of industry professionals, fellow founders and expert judges.
27 Oct '20 6pm Startup Victoria