A new report from London-based venture capital firm MMC Ventures, found no evidence that artificial intelligence was an important part of the products offered by 40 percent of Europe's 2,830 AI start-ups.
div > div.group > p:first-child"> Nearly half of the companies in Europe that call themselves AI start-ups don't in fact use artificial intelligence, a new report found.
"There's a huge amount of hype around, but one of the ways that we hope to add value as an investor … is to help cut through that and highlight the technology," said David Kelnar, head of research at MMC, in a phone interview with CNBC on Tuesday. Peter Finnie, a partner at intellectual property law firm Gill Jennings and Every, said there has been a surge in AI patent filings as companies look to make their businesses more investable.
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