VENTURE CAPITAL
Does AI equal intelligent investing ?
ARTIFICIAL INTELLIGENCE IS THE NEW BUZZ-PHRASE IN TECHNOLOGY STARTUPS . BUT IS THE KEY TO INVESTMENT SUCCESS ?
WRITTEN BY : JOANNA ENGLAND
A
recent report by Forbes heaped damp praise on the trending nature of artificial intelligence ( AI ) in fintech startups .
The gist of the piece was that AI has become so trendy that new businesses are using it to plug their ideas to keen investors , regardless of its value in the venture .
AI undoubtedly has a swiftly expanding number of use cases , and is trending for good reason across many sectors . But whether its contribution is the Holy Grail to business success depends greatly on how it is used .
Trending technology Despite sounding next-generation , AI is not a new idea . In fact , computing historians would say it ' s currently enjoying its third wave of popularity . In the first wave , when computers were embryonic , research into AI was mainly government led . A second wave of AI interest emerged in the early 2000s , driven by venture capital and corporate interest . But undoubtedly , this current third wave is the biggest yet , as funding for AI has reached eye-watering
94 April 2021