[Escapist] "Artificial Intelligence Joins Venture Capital Firm's Board of Directors"

[TopWargamer]

Source: http://www.escapistmagazine.com/news/view/134619-Artificial-Intelligence-Joins-Venture-Capital-Firms-Board-of-Directors

(I think my current avatar - Hal 9000 - goes along with this perfectly.)

 

Thank you Lord Pantaloons for sending me this article.

 

The naming of a person to a company's board of directors is not normally something that we'd bother with but this case is different because the person being named is not actually a person at all, but a machine. VITAL [Validating Investment Tool for Advancing Life Sciences] was announced as the newest member of the Deep Knowledge Ventures capital fund board of directors last week, in what the company said was a "world first in board appointments and venture capital."

 

"The variables involved in the long-term success of a biotechnology company are many and complex. We were attracted to a software tool that could in large part automate due diligence and use historical data-sets to uncover trends that are not immediately obvious to humans surveying top-line data," Deep Knowledge Ventures Senior Partner Dmitry Kaminskiy said in a statement. "We plan to incorporate new information from prospective investments into the databases to compare the outcomes against our selected investments."

 

"Due to lack of public disclosure datasets on investment rounds, intellectual property and clinical trial outcomes are not always available," added Andrew Garazha, senior analyst at Aging Analytics, the firm that created VITAL. "In spite of this our team of programmers - several of which have theoretical physics backgrounds - are able to use fuzzy logic to identify probable success based upon an extensive analysis of the parameters involved. Our goal through iterative releases and updates is to create a piece of software that is capable of making autonomous investment decisions."

 

Now that is...interesting, to say the least. I don't think AI is to the point where we should be doing stuff like this, but hey, if that's what they're doing then that's what they're doing. I personally find it kind of odd and stupid, but who knows, it could work out in the long run. 

 

So um...yeah... I think this is more of a discussion topic, so what are your thoughts on AI entering the "work force"? 

 

[Bluejay0]

This will be like Neon Genesis Evangelion's Magi systems

[Lord Pantaloons]

nb4

 

[TopWargamer]

This will be like Neon Genesis Evangelion's Magi systems

Eh, kiiiiiind of, I guess... 

 

It would be awesome to have something like NGE's Magi systems though. We're definitely not too far off...

[Bluejay0]

Eh, kiiiiiind of, I guess... 

 

It would be awesome to have something like NGE's Magi systems though. We're definitely not too far off...

 

Alright someone get an abusive mother/whore's brain and fit in there.

[TopWargamer]

nb4

 

[Lord Pantaloons]

-snip-

This is ok,

 

Anyways I think it's pretty cool but I also don't think that AI's are ready for this yet. That however is just my professional unprofessional opinion.

[Misanthrope]

"In spite of this our team of programmers - several of which have theoretical physics backgrounds - are able to use fuzzy logic to identify probable success based upon an extensive analysis of the parameters involved. Our goal through iterative releases and updates is to create a piece of software that is capable of making autonomous investment decisions."

 

Did they just said "theoretical physics" in the same breath as "fuzzy logic"? Boy what a respectful bunch "Yeah we have these science persons who deal with made up bullshit to help us make this robot thing....shut up toots and get me a coffee!"