The AI Bandwagon: African Startups Struggling To Keep Pace

By  |  July 14, 2023

Artificial Intelligence (AI) has emerged as a transformational force in the ever-changing tech space, captivating the attention of entrepreneurs and industry executives alike. Fueled by advances in Machine Learning (ML), AI has emerged as the next frontier in technological growth, transforming businesses and shaping the future of civilization. AI holds immense opportunities across a wide range of industries, from healthcare and finance to transportation and agriculture, thanks to sophisticated algorithms and vast volumes of data.

But what exactly is this buzzword going around in the tech domain and halls? At its core, AI is an integrated field that combines different branches of computer science, such as machine learning, natural language processing, computer vision, and robotics, to develop intelligent systems capable of performing tasks that typically require human intelligence. AI systems can learn from data, spot patterns, make predictions, and adapt to changing conditions using algorithms and computer models with outstanding precision and efficiency. Machine learning, in particular, has emerged as a key driver for the development of AI, as it empowers systems to autonomously learn and evolve. This has paved the way for a wide range of applications, ranging from customised medical treatments and fraud detection to driverless vehicles and recommendation systems.

Most Read

Abidjan Unboxed: Exploring Ivory Coast’s Startup Oasis and VC Treasures

Renowned as the world’s largest producer of cocoa beans (accounting for 40% of

Investors Look To Offload Beleaguered Ghanaian Fintech Mired In Scandal

Dash, the Ghanaian fintech startup that raised a notably substantial seed round last

Cellulant: Meet The Real ‘OG’ of African Fintech

In 2018, I was working on the Africa VC report for WT when