20VC: Why Machine Intelligence Will Eat The World Of Software with Roy Bahat, Head of Bloomberg Beta

Roy Bahat is the head of Bloomberg Beta, a new venture fund backed by Bloomberg L.P. Prior to Bloomberg, Roy was chairman of OUYA, a new kind of game console, where he was the first investor. Before that Roy spent five years leading News Corporation’s IGN Entertainment, an online media company with a monthly audience of 70 million people, a top 10 YouTube channel, and the leading website in its category in almost every market globally. Roy served on the board of Revision3 (acquired by Discovery) and was a board observer at Flixster (acquired by Warner Bros). Before joining News Corp., Roy was in the public sector in the office of New York City mayor Michael Bloomberg and at New York’s 2012 Olympic bid. 

1.) How Roy made his way into the world of VC from working alongside Mayor Michael Bloomberg?

2.) What do all these definitions within AI mean? What does artificial intelligence include? What is machine learning? What is deep learning?

3.) When we talk about AI are we talking pure AI , with the likes of Watson and DeepMind or are we talking consumer centric software with elements of AI?

4.) With data playing such a huge role in the efficiency of AI, do large incumbents like Google and Facebook not have a massive advantage? How can startups get access to datasets? Is AI not fundamentally an acquihire industry?

5.) How important has open source in allowing and encouraging the progression of the machine intelligence ecosystem? What more can be done to further it's growth?

6.) With the rise of machine intelligence, what does the future of work look like? How will we live in a world where 47% of white collar jobs will be replaced by machines and AI?

Items Mentioned In Today's Episode:

Roy's Fave Book:

Watershed Down

Roy's Fave Blog or Newsletter:

Media ReDefined by Jason Hirschhorn, Asim Azar, the exponential view

As always you can follow The Twenty Minute VC, Harry and Roy on Twitter here!
If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!
 
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