A financial executive with a decade of experience with JPMorgan in San Francisco, Curt Sigfstead heads the firm’s West Coast technology investment banking efforts. Curt Sigfstead has a strong interest in trends in areas such as artificial intelligence (AI) and machine learning, which are increasingly used to apply reasoning to repetitive tasks and exert major time and cost savings. A recent McKinsey Global Institute Study encompassed interviews with approximately 3,000 senior executives on areas such as AI technologies and their market impact and deployment potential. The backdrop is a world in which AI investment is accelerating quickly, with major companies such as Google and Baidu investing between $20 billion and $30 billion in 2016 alone on related R&D. With a “race for patents” at the fore, a number of major auto manufacturers, such as Tesla and BMW, are investing heavily in the machine learning and robotics interfaces that will enable driverless cars to become a commonplace reality. Toyota is currently working toward the launch of a $1 billion-funded research institute focused on driverless vehicles and the AI-underpinned robotics capacities required. Early adopters of AI also include growth companies within the financial services and communications spheres.
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AuthorA longtime resident of the San Francisco area, Curt Sigfstead contributes to numerous charitable and nonprofit institutions throughout the country. Archives
December 2019
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