Steve Barsh, Former Managing Partner at Dreamit Ventures, is interviewed as he moderated the Keynote Panel "How Different Industries Harvest Innovation" and the Keynote Fireside Chat "Future of Transportation Disruptive Changes in Aviation - from eVTOLs to Supersonic. What’s ahead?" of the Ecosystems 2030 technology summit's third chapter held at A Coruña, Galicia, Spain on 4-5 May 2023.
AI is going to impact venture capital by helping with building a smarter map of the strengths and opportunities in different markets and enable the most relevant line of questioning for early stage startups looking for investors.
Thousands and thousands of startups, and we get 98% of rejection. AI will only accelerate that trend because VC will then be smarter about their investments.
Young analysts tasks are seemingly taken away by AI but actually there is still 10% of uncertainty and possible mistakes that may prove critical. So the low level job will go away or evolve.
There are bad actors who will try and take advantage of AI. One could build a malware using AI, or use generative AI to place a phone call with someone else's voice. Generative AI already would not answer some questions as a mitigation of risks associated with the answers.
