Artificial intelligence and machine learning most disruptive emerging technologies
That's according to a survey of venture capitalists who attended the recent Web Summit conference in Lisbon, Portugal.
A survey completed by 111 global venture capital (VC) investors attending the recent Web Summit conference in Lisbon, Portugal found that nearly two-thirds of VCs believe that artificial intelligence (AI) and machine learning (ML) have the most disruption potential of emerging technologies.
The survey results, as reported by PitchBook, revealed that 62.2 percent believed AI and ML were the most disruptive of those newer technologies, an increase from 29 percent just a year earlier. And 30 percent of investors regularly use AI to assess investment opportunities.
Other key findings from the survey included:
- A total of 63.1 percent of investors say they would not invest if there would be a negative environmental impact;
- Only 43.2 percent said they have increased the representation of women within their firm and portfolio companies, while the number of women in senior management positions has also decreased from 75 percent to 66.7 percent over the last year; and
- Just 28.9 percent of investors say geopolitical events would affect their investment strategies, a significant decrease from last year’s 79 percent.
Billed as the world’s largest technology conference, the Web Summit conference held the week before Thanksgiving attracted 70,236 attendees from 153 countries, with 2,608 start-ups taking part in the start-up program