More than 50,000 million have been invested in AI startups this year, according to a study

According to data from the consulting firm CB Insights, so far this year, more than 50,000 million dollars have been invested in Artificial Intelligence (AI) startups. Also, in the last quarter 13 unicorns have been created in the sector.

And it is that AI is already part of our lives in many of the services we enjoy and will be a key tool to take care of and save the planet. Precisely, this technology will be the protagonist of many of the Big Things Conference presentations that will be held this week, in a hybrid way, in Madrid and with more than fifty international speakers.

Agenda and featured papers

  • The fallacy that there are no female scientists. Although more STEM vocation is lacking, we find success stories of women with an innovative vision in technology companies or creating them from scratch. Like Africa Periáñez, Eva Murray, Carmen Vidal, Montse Guardia…. although it is true that the ratios are still low and although investments in science are double that in 2020 they still do not reach the business world.
  • AI to save an unintelligent world / AI to meet the challenges of the Climate Summit. While some industries are still trying to understand how AI is going to impact their businesses, caring for the planet and conserving species are very clear about how AI can help preserve species like the Iberian lynx. And it is that generating a positive impact on the planet should not be seen only from a social perspective, but there are real business opportunities in this field. We invite you to discover some of them.
  • File ‘Fourth Millennium’ why do machines behave in this way? Is there bias in the decisions that AI makes? Why is it produced? The AI ​​decides if they grant us a mortgage, if the car stops when crossing a pedestrian, if a product will appear as recommended in our Instagram stories, if you are suitable for a job … but why does the AI ​​make those decisions ? What information does it analyze? Who programs and educates them? In the end, machines are so smart based on the quality of the data and who trains them to do good.
  • Space tourism or space tourism to manage extra-planetary migration? We are witnessing an increase in space activity with tourist trips, cislunar activities, private and government companies interested in exploiting minerals on the Moon and creating lunar bases … In this context, how can Big Data and AI solve the current challenges of the sector and decide on migration beyond our planet? With a space economy that will move billions of euros annually in 2040 with numerous companies of all sizes immersed, how to legally regulate outer space and the management of space traffic?
  • 95% of people believe Fake News. It’s a lie, but don’t spoil the headline for us. What is true is that 56% of Facebook users do not know how to differentiate a fake news that is in accordance with their beliefs. The problem is that it is easier and faster to create and distribute fake news that confirms its truthfulness. And this is where AI can help humans to confirm data, contrast information from first-hand or reliable sources … to become the best ally to fight against misinformation. In fact, the recent Crypto Eats scam once again calls into question the credibility of campaigns and influencers.
  • Are Data Scientists Necessary in the Age of AI? Until now, data scientist was one of the most in demand and promising careers. But if we teach algorithms to learn on countless topics, why not train an algorithm to learn and choose the parameters to optimize the performance of the model that is being educated and trained? Should machine learning unsettle data scientists?
  • You have the right to a trade robot. Does it make sense for a lawyer to spend time reading tedious and lengthy judgments when a well-trained AI algorithm could summarize the salient issues of a judgment and other legal documents? We learn from a real experience of the IIC and Garrigues.
  • AI is not science fiction, you already use it without knowing it. The new Housing Law aims to set rental prices, but what if the price is set by an algorithm or it is able to tell me how long it will take to sell my house? And set to fix, who or what sets the price of a journey? the traffic, the price of gasoline, the demand… In the world of fashion, articles become obsolete in a few months, how can better decisions and less time be made to improve the efficiency and growth of the different departments of the company? At Idealista, Cabify, Inditex, Paradigma, they already successfully apply AI in their businesses for the services we consume.
  • Congratulations, you’ve been cajoled! According to TransUnion, the rate of suspected digital fraud attempts increased by 16.5% globally when comparing the second quarter of 2021 with the same period of the previous year. Although passports and identity documents are increasingly sophisticated, they are still the most falsified documents. The European IMPULSE project uses AI and blockchain to detect fake documents and improve users’ on-boarding experience.

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