Startups: “X + AI” default business model

Source: The Economist, Jun 2016

“It’s the Uber for X” has given way to “It’s X plus AI” as the default business model for startups.

Google, Facebook, IBM, Amazon and Microsoft are trying to establish ecosystems around AI services provided in the cloud. “This technology will be applied in pretty much every industry out there that has any kind of data—anything from genes to images to language,” says Richard Socher, founder of MetaMind, an AI startup recently acquired by Salesforce, a cloud-computing giant. “AI will be everywhere.”

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