Of those selected, at least 20 companies say they are using AI or machine learning in some fashion to tackle challenges in fields such as advertising technology, smart cities, cleantech, supply chain, manufacturing, cyber security, autonomous vehicles, and drones. While many are still skeptical about the actual impact of these technologies, the technology Pioneers offer some indication of the progress being made in finding practical applications for these tools.
“Our new tech pioneers are at the cutting edge of many industries, using their innovations to address serious issues around the world,” said Fulvia Montresor, head of technology pioneers at the Forum, in a statement. “This year’s pioneers know that technology is about more than innovation it is also about application. This is why we believe they’ll shape the future.”
As members of the Pioneers programs, startups are invited to participate in various WEF events that give them access to international policy makers and larger corporations that represent potential partners or investors. For many, it also represents an important validation of their product or services.