The power of AI lies in in its predictive power. If there is enough data, conventional thinking goes, a machine learning algorithm can predict just about anything, such as which word will appear next in a sentence. Given that potential, it’s not surprising that entrepreneurial investment firms have looked to using AI to inform their decision-making.
There’s certainly plenty of data you could use to train an AI-powered due diligence or investment recommendation tool, including resources like LinkedIn, PitchBook, Crunchbase, Owler, and other third-party data marketplaces. With this, AI-driven financial research platforms claim that they can predict a startup’s ability to attract investment, and there may be some truth in this. A study hedge fund performance showed that AI-driven funds generated higher average monthly returns over a 15-year period than their human-led counterparts.
Janice has been with businesskinda for 5 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesskinda team, Janice seeks to understand an audience before creating memorable, persuasive copy.