IoT produce a lot data which needs AI to handle. Need real time processing. Lots of data is a key driver for AI since human cannot handle otherwise.
Google is investing on this front
Observations
AI grows fast and there are many successful stories. This is especially true in deep learning area.
It is still in developing states. It is very specific, so there are a lot work to be done. For many, the work is to prepare data and find ways to use the existing AI technology/Open source package/APIs.
Cloud will grow with AI - API business. So integrating different services become a good business.
IoT can be the driver for AI. It is IoT which will speed up the data generation that human cannot handle without AI.
AI is a powerful tool. We need to find ways to use it. We should pay attention to Vertical solutions / applications while big companies are working on the platform and algorithms
Also keep in mind, people need product and services; solutions to solve their pain points, not just one AI solution. Subsequently, innovative products/services with AI integrated and ready to solve customer's needs will be the key.