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RoboDirector? VC Firm Names Algorithm as Equal Member of its Board

May 27, 2014

File under "robots are taking over." A Hong Kong venture capital firm called Deep Knowledge Ventures announced earlier this month that it has named an artificial intelligence tool to its board of Directors. Deep Knowledge stated that the tool known as VITAL ("Validating Investment Tool for Advancing Life Sciences") will become an “equal member of its Board of Directors.”

According to UK-based Aging Analytics, the company that developed the VITAL software, VITAL will help Deep Knowledge make investment recommendations in the life sciences area by poring over large amounts of data. The program will reportedly serve as the...

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