VCs are ploughing money into AI, but are they using it to make decisions?

An interesting survey about venture capital attitudes to data and tech echoes trends in the financial services industry writ large. VC invested some $24.6 billion in AI and machine learning in 2018, according to PitchBook data, and while this figure includes more than just the financial services sector, fintech investment has come in at record levels too last year.

Still, it’s a question we’ve often considered without a clear answer: whether the types of firms that invest in fintechs developing advanced technologies like AI and machine learning, use it themselves. That’s exactly what the survey aimed to determine for the VC community, and results are mixed.

This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..

Related Posts

Previous Post
Can independent custody on the blockchain make sales? We don’t see it.
Next Post
Autonomous Next: SoFi’s zero fee ETF and crypto app challenges financial industry

Fill out this field
Fill out this field
Please enter a valid email address.

X

Reset password

Create an account