AI algorithm takes seat on investment company's board

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AI algorithm takes seat on investment company's board

The coming robot apocalypse will need robot executives to rule over it, but it looks like they're going to have to start with more mundane business first. A Hong Kong venture capital firm has just "appointed" an artificial intelligence tool called VITAL to its board of directors to help find promising investments. It'll scan things like financing, IP and clinical trials from prospective companies, share that info with the board and even cast the sixth vote. So far, it's helped find two promising outfits already, though it hasn't voted yet. Still, the main goal is to "draw attention to it as an independent decision maker," according to the company. And draw publicity to itself, no doubt.

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