A Hong-Kong based venture capital fund has appointed artificial intelligence to its board of directors. Robot directors? Friday’s video is a fun response to this publicity stunt from governance expert Lucy Marcus.
Aging Analytics licensed their new algorithm or tool called VITAL, which stands for Validating Investment Tool for Advancing Life Sciences, to Deep Knowledge Ventures, a venture fund management company that focuses on mid- to long-term biotechnology investments at their early stage. Deep Knowledge Ventures has appointed VITAL to its board, where it will help the firm by predicting which companies they should invest in.
VITAL will be the sixth member of Deep Knowledge Ventures’ board of directors and, like the other board members, the program will be able to vote on whether the firm invests in a particular company. (AI Will Sit On Company’s Board Of Directors, 6/12/2014)
Robot directors? Your comments welcome.