Venture Capitalists being automated out


Drat! Random guesswork with other people's money is no longer a career! Appears the first fully automated board member of a venture fund now exists.

Via BeatBeat:

A press release from Aging Analytics UK, a company that conducts research on biotechnology and regenerative medicine, made two announcements this morning: first, that they’ve launched an new A.I. tool called VITAL (Validating Investment Tool for Advancing Life Sciences); and second, that they’ve licensed VITAL to Hong Kong V.C. firm Deep Knowledge Ventures, where the tool will become an "equal member of its Board of Directors."