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Eqt Ventures Partner Reveals Why Ai Is The Future Of Venture Capital

by businessinsider.com posted 9months ago 183 views
EQT Ventures has developed Motherbrain, an AI-powered software program to help it find new startups in which to invest. Motherbrain is treated as a partner at the firm, and even has her own e-mail address. EQT Ventures partner Alastair Mitchell believes that the venture capital industry is 20 years behind other kinds of investors because it doesn't embrace algorithms or data in making deals. Some other VCs believe that no machine can replace the human touch in dealmaking. Stockholm-based investment firm EQT Ventures has 30 employees. Among them, the firm has one partner who stands out from the rest.