Two in five 'AI startups' essentially have no AI, mega-survey of nearly 3k

A view perhaps exists that "true AI IP" is perhaps only algorithmic. However, let's be frank: it's rare that a new algorithm is the best, fastest, cheapest, only, or most appropriate solution for a problem.

Remembering that most inventions (AI or otherwise) aren't fundamentally enabling new ("green field" / "blue ocean") areas (they're just competing with existing approaches which are more costly, slower, less convenient, less reliable, less available, or less accurate than they might be - eg. after the invention) we should perhaps expect applications of existing algorithms to new datasets or domains to be the most numerous 'AI' applications in the marketplace.