Here's How AI Is Changing VC Funding

Any current discussion of artificial intelligence in the workforce centers on how it will impact -- or outright replace -- certain departments or even employees. InReach Ventures co-founder Roberto Bonanzinga, for example, is investing $7 million on software that utilizes machine learning to find worthwhile European startups to pour capital into. Which raises the question: Why isn't every venture capital firm already doing this? Well-established metrics are being used to assess startup potential, and one glance at the market unveils a trove of data points being used by AI algorithms to establish correlations and patterns. These historical points are valuable in assessing how an early-stage startup will perform, while their disjointed and scattered natures provide the perfect environment for AI to thrive in.