Why Venture Capital Needs to Get Over Its Fears of AI

The problem isn't that AI is new; it's that VCs can't let go of the old. Venture capital has always been an old-school industry in love with new-school ideas. Its current darling is artificial intelligence. While firms have ramped up AI investments, they've proven reluctant to personally use AI -- not realizing that there are multiple ways to profit from its development. Despite the nationwide drop in venture funding from $20.8 billion in mid-2015 to less than $11.7 billion by 2016's end, AI investment has ticked steadily upward.