A Hong Kong VC fund has just appointed an algorithm to its board.
Just like other members of the board, the algorithm gets to vote on whether the firm makes an investment in a specific company or not. The program will be the sixth member of DKV’s board.
VITAL’s software was developed by UK-based Aging Analytics.
“[The goal] is actually to draw attention developing it as an independent decision maker,” Deep Knowledge Venture’s Charles Groome told BI.
How does the algorithm work?
VITAL makes its decisions by scanning prospective companies’ financing, clinical trials, intellectual property and previous funding rounds.[SOURCE](http://www.businessinsider.com/vital-named-to-board-2014-5)