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The most overlooked path to commercialize AI is for companies to do it themselves TechCrunch

https://techcrunch.com/2019/04/15/the-most-overlooked-path-to-commercialize-ai-is-for-companies-to-do-it-themselves/
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Apr 15, 2019 3:30 PM 6+ day ago

The most overlooked path to commercialize AI is for companies to do it themselves

The most overlooked path to commercialize AI is for companies to do it themselves

The Bessemer Process patented in 1856 by Sir Henry Bessemer is one of the inventions most closely associated with catalyzing the second industrial revolution. By reducing the impurities of iron with an innovative oxidizing air blast, the process ushered in a new wave of inexpensive, high-volume steelmaking.

Bessemer decided to license his patent to a handful of steelmakers in an effort to quickly monetize his efforts. But contrary to expectations, technical challenges and monopolistic greed prevented large steelmakers from agreeing to favorable licensing terms.

In an effort to drive adoption, Bessemer opened his own steel making plant with the intention of undercutting competitors. The approach was so successful that each partner in the endeavor walked away from the 14 year partnership with an 81x return.

Some 162 years later, ...

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