AI State

AI is transforming many industries and creating opportunities for startups. AI adoption has more than doubled since 2017, with 50% of organizations now using AI. The average number of AI capabilities used by organizations has also doubled from 1.9 to 3.8. Global investment in AI startups is over $5 billion yearly. While the US, China, and Israel lead in AI innovation and investments, startups in any country can leverage AI to innovate, differentiate their products and services, and improve efficiency. However, startups must also consider risks like ensuring data quality, security, and fairness when using AI.

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AI State

Uploaded by

Tzar Umang

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Download as PPTX, PDF, TXT or read online on Scribd

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STATE OF AI IN

STARTUPS
Tzar C. Umang
AI Engineer – Auto Genie
Tech Innovation Lead – Makerspace Innovhub
ABOUT THE SPEAKER
• 14+ years experience in IT

• Cybersecurity Lead for TMDC IT Solutions

• AI Engineer for Auto Genie

• Tech Innovation Lead / Mentor – Makerspace

Innovhub

• Cybersecurity Instructor – University of Luzon

• Senior Consultant and Researcher

AI?
• Artificial intelligence (AI) is the ability of a
computer or machine to mimic the competencies of
the human mind, such as learning, understanding, and
problem-solving.

• AI is transforming various industries and sectors,

such as healthcare, manufacturing, finance, and
education.

• AI is also creating new opportunities and

challenges for startups, which are innovative
companies that aim to disrupt existing markets or
create new ones.
A I A D O P TAT I O N

20% TO MAIN USE

50% 1 . 9 TO 3 . 8 OF AI

According to a McKinsey The average number of AI The top use cases for AI are
survey, AI adoption has more capabilities that organizations optimization of service
than doubled since 2017, from use, such as natural-language operations, marketing and sales,
20% to 50% of respondents generation and computer vision, product and service development,
reporting using AI in at least one has also doubled from 1.9 in and strategy and corporate
business area. 2018 to 3.8 in 2022 finance.

Data by: McKinsey

AI INVESTMENT

$407B $8 6.9B $5 B
AI Market Size by Substantial Growth from AI Startups yearly
Revenue incurred by AI investment from 2020 to
2027
Based Service Providers 2022 indicating high
demand and potential of
AI Solutions
Data by: Forbes
LEADING COUNTRIES
FOR AI INVESTMENTS
The United States, China, and
Israel are the leading countries in
terms of AI investment and
innovation, with more than 60%
of global AI startups located in
these regions.
AI WORKFORCE AND
EMPLOYMENT
• According to Statista, AI is expected to have an
estimated 21% net increase on the United States GDP
by 2030, showcasing its impact on economic growth.

• AI is also expected to create new jobs and roles,

such as data scientists, machine learning engineers,
and AI ethicists, as well as enhance existing ones with
new skills and tools.

• However, AI also poses some challenges for the

workforce, such as skill gaps, ethical dilemmas, and
social implications. For example, some jobs may be
automated or replaced by AI systems, requiring
workers to reskill or upskill.
INDUSTRIES WITH HIGHEST AI DEVELOPMENT

M A N U FA C T U R I N G AUTONOMOUS VEHICLE E D U C AT I O N MEDICAL

AI can help optimize AI can enable self-driving AI can personalize learning AI can assist doctors in
production processes, reduce cars to navigate complex experiences, provide feedback diagnosing diseases,
waste and defects, improve environments, avoid and assessment, and enhance analyzing medical images,
quality control, and enable collisions, and optimize student engagement and and recommending
predictive maintenance. routes. retention. treatments.

According to Forbes, the following have the highest development on AI in 2022

TEC H N O L O G Y A U TO M O T IV E
AI is used to power various products AI is used to enable autonomous
and services, such as search engines, driving, smart manufacturing,
voice assistants, social media vehicle design, and customer
platforms, and cloud computing. service.
INDUSTRIES
T H AT H I G H LY
FI NANCI AL SE RVI CE S
BENEFIT AI is used to enhance fraud
FROM AI detection, risk management,
customer service, and financial
analysis.

According to Priceconomics, the following industries have invested the most in AI.
S U M M A RY
• AI is a powerful and disruptive technology that is
changing the world and creating new opportunities and
challenges for startups.

• Startups can leverage AI to innovate, differentiate, and

scale their products and services, as well as improve their
efficiency and profitability.

• However, startups also need to be aware of the risks

and responsibilities that come with using AI, such as
ensuring data quality, security, privacy, fairness, and
accountability.
S TA RT U P S D O N ’ T N E E D
TO REINVENT THE
WHEEL, USE AND
E X H A U S T E V E RY
AVA I L A B L E
TECHNOLOGY TO
BUILD YOUR MVP…
THANK YOU
Tzar Umang

+63-918-496-2854

[email protected]

Iamtzar.com