VENTURE CAPITAL
from determining the probability of a credit card transaction being fraudulent to predicting when an industrial asset is likely to fail .
“ From our perspective , VCs should be interested in seeing how AI can be leveraged for different use cases . We ’ ve invested in a range of businesses applying AI , from decision intelligence ( Peak , Signal ) to predictive maintenance ( Senseye ) and food box delivery ( Gousto ). Our view at MMC is that AI is an enabling technology and we are currently investing in the infrastructure and data layers of a typical enterprise technology stack .”
However , he says , “ AI is certainly not a prerequisite for VCs investing in insurtechs . There are many business models where
102 April 2021