Artificial intelligence (AI)
is transforming everything in our daily lives, from customer experience and healthcare to
manufacturing and agriculture. As a result, we’re seeing exponential growth
in AI funding. In
fact, in the UK alone investment for AI developers from
venture capital increased more than 200 percent last year. This comes as no
surprise when you consider the growing number of AI startups being
founded. According to a recent study from Stanford University, in the last 20
years there has been a 14-times increase in the number of AI startups.
At the same time, we’re seeing an increasing number of technology companies
invest in AI development.
However, what’s really interesting is that these companies - including the
likes of Microsoft, Salesforce, and Uber - are open sourcing their AI research. This move
is already enabling developers worldwide to create and improve AI & Machine Learning
(ML) algorithms faster. As such, open-source software has become a fundamental
part of enabling fast, reliable, and also secure development in the AI space.
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