By 2050, A.I. will have the same ability to learn as humans, says billionaire tech investor

Within the next three and a half decades, artificial intelligence will be able to learn at the same speed as humans. That’s according to Jim Breyer, the founder and CEO of Breyer Capital, a Silicon Valley venture capital firm. Breyer was an early investor in Facebook and Etsy and is as a billionaire three times over, according to Forbes. He’s especially interested in artificial intelligence, and as a top-tier investor, Breyer spends much of his time traveling around the world learning from the smartest people in the industry so he can back the best new companies.

“When I visit campuses and speak to the AI experts, there is a median year of 2050 where they think the self-learning capability of AI will be singular and will be at human-level intelligence,” says Breyer, speaking at CNBC and Institutional Investor’s Delivering Alpha conference in New York City. “So, 2050? Does it happen? There are a lot of people who don’t think that is the case. It is median data from some of the best AI researchers in the world.”

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China Is a Hotbed of AI Opportunities

To see the future of artificial intelligence, look East, said venture capitalist Jim Breyer. “China right now represents about half of the most interesting AI investment opportunities in the world,” Breyer said at the CNBC Institutional Investor Delivering Alpha conference in New York. Breyer’s bullishness about China stems from the accelerated deployment of internet technologies in urban and rural areas as well as government initiatives enabling AI startups to flourish. Tech giants like Tencent Holdings Ltd., Baidu Inc., Alibaba Group Holding Ltd. and JD.com Inc. are quickly integrating self-learning technologies and snapping up AI talent at an “astonishing” rate, he added.

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Brain-Machine Interface Isn’t Sci-Fi Anymore

Thomas Reardon puts a terrycloth stretch band with microchips and electrodes woven into the fabric—a steampunk version of jewelry—on each of his forearms. “This demo is a mind fuck,” says Reardon, who prefers to be called by his surname only. He sits down at a computer keyboard, fires up his monitor, and begins typing. After a few lines of text, he pushes the keyboard away, exposing the white surface of a conference table in the midtown Manhattan headquarters of his startup. He resumes typing. Only this time he is typing on…nothing. Just the flat tabletop. Yet the result is the same: The words he taps out appear on the monitor.

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Jim Breyer on CNBC: China, Apple, and AI

Jim Breyer speaks about his unparalleled network in China and the US – that spans across start-ups to major enterprises and how bilateral investing in China/US is a key to delivering superior returns.

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Kano’s Latest Tool: A Gesture Controller
TechCrunch, August 15, 2017

The Motion Sensor Kit is retailing for $29.99 / £29.99; the Pixel Kit sells for $79.99 / £74.99.

Both can be purchased either directly through the Kano store. In the US, they will soon also be on Amazon.com, Barnes & Noble, Toys R Us, ThinkGeek and Gamestop. In Canada, the product will be available at Indigo, Toys R Us and The Source. In the UK, it will also be on amazon.co.uk.

Kano — co-founded by Alex Klein, Yonatan Raz-Fridman, and Saul Klein — has raised $19 million in funding to date. That includes funding it raised in a Kickstarter campaign that went viral, and a later, more formal venture round for $15 million. Backers include Breyer Capital, Marc Benioff, Martin Sorrell, Index Ventures, James Higa, Troy Carter and Shana Fisher.

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New Portfolio Company: Cadre
TechCrunch, June 7, 2017

Cadre, a three-year-old, New York-based real estate startup, has raised $65 million in Series C funding led by Andreessen Horowitz.

Famed VC Jim Breyer of Breyer Capital also joined the round, along with the Ford Foundation, General Catalyst Partners, Goldman Sachs, Khosla Ventures and Thrive Capital.

Founder Ryan Williams appeared onstage at TechCrunch’s New York Disrupt event several weeks ago; he said that while Cadre today services wealthy investors, he believes that over time, Cadre can grow to serve a more diverse group of customers.

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