When we talk about the future of artificial intelligence (AI), the discussion often focuses on the advancements and capabilities of the technology, or even the risks and opportunities inherent in the potential cultural implications. What we frequently overlook, however, is the future of AI as a business.
IBM Watson’s recent acquisition and deployment of Cognea signals an important shift in the AI and intelligent virtual assistant (IVA) market, and offers an indication of both of the potentials of AI as a business and the areas where the market still needs development.
The AI business is about to be transformed by consolidation. Consolidation carries real risks, but it is generally a sign of technological maturation. And it’s about time, as AI is no longer simply a side project, or an R&D euphemism. AI is finally center stage.