|Apple’s Core ML Brings AI to the Masses|
AI is one of the core themes on which we focus at Loup Ventures. And as analysts, we heard Google, Facebook, Amazon, and Apple emphasizing their focus on AI over the last several years. Google CEO Sundar Pichai has commented on each of the past three Google earnings calls that Google is transitioning from mobile-first to AI-first. Facebook has recently spent a lot of time and resources developing chat bots on its platform, and has utilized AI to create a better news feed, and improve photo recognition. Amazon uses AI extensively with recommendations, and is integrating third-party AI models into AWS. While Google, Facebook and Amazon are each making significant progress as it relates to AI, it’s worth noting that Apple was the first company of the four to embrace it.
Apple’s AI roots date back to the mid 1990s with handwriting recognition on the Newton. In June Apple announced Core ML, a platform that allows app developers to easily integrate machine learning (ML) into an app. Of the estimated 2.4m apps available on the App Store, we believe less than 1% leverage ML today – but not for long. We believe Core ML will be a driving force in bringing machine learning to the masses in the form of more useful and insightful apps that run faster and respect user privacy.