Artificial intelligence is getting a seat at the boardroom table with a Hong Kong-registered Japanese firm naming a robot as a company director, Sky Post reported Wednesday, citing the Daily Mail.
Japanese venture capital firm Deep Knowledge Ventures has authorized a smart robot developed by British company Aging Analytics to offer investment suggestions.
The robot, called Vital, can mine massive amounts of data and make investment suggestions that are not influenced by “human defects” like emotions, the report said.
Deep Knowledge, which mainly invests in bio-science and other medical fields, said Vital has helped to inform investment decisions in two life science companies, Pathway Pharmaceuticals and InSilico Medicine.
The venture firm said Vital will have the same power as other directors, even though robots are prohibited by law from being formal board directors.
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