VITAL (machine learning software)

VITAL
Original author(s)Unknown
Developer(s)Deep Knowledge Venture
Initial releaseno
Written inunknown
Operating systemunknown
Platformunknown
Licenseunknown

VITAL (Validating Investment Tool for Advancing Life Sciences) was a Board Management Software machine learning proprietary software developed by Aging Analytics,[1] a company registered in Bristol (England) and dissolved in 2017. Andrew Garazha (the firm's Senior Analyst) declared that the project aimed "through iterative releases and updates to create a piece of software capable of making autonomous investment decisions."[1] According to Nick Dyer-Witheford, VITAL 1.0 was a "basic algorithm".[2]

On 13 May 2014, Deep Knowledge Ventures, a Hong Kong venture capital firm, claimed to have appointed VITAL to its board of directors in order to prove that artificial intelligence could be an instrument for investment decision-making.[3][2][4] The announcement received great press coverage despite the fact commentators consider this a publicity stunt.[5] Fortune reported in 2019 that VITAL is no longer used.[6]

  1. ^ a b Ventures, Deep Knowledge (2014-05-13). "Deep Knowledge Venture's Appoints Intelligent Investment Analysis Software VITAL as Board Member". GlobeNewswire News Room. Retrieved 2020-05-06.
  2. ^ a b Dyer-Witheford, Nick (2015). Dean, Jodi; Hands, Joss; Jordan, Tim (eds.). Cyber-proletariat: Global Labour in the Digital Vortex. London: Pluto Press. pp. 1–2. ISBN 978-0-7453-3404-2.
  3. ^ Gorey, Colm (2014-05-15). "I'm afraid I can't invest in that, Dave: AI appointed to VC funding board - Discovery | siliconrepublic.com - Ireland's Technology News Service". Silicon Republic. Retrieved 2020-05-06.
  4. ^ Cite error: The named reference Mölein2018 was invoked but never defined (see the help page).
  5. ^ "Algorithm appointed board director". BBC. 2014-05-16. Archived from the original on 2016-01-03. Retrieved 2016-01-03.
  6. ^ Kahn, Jeremy (2019-09-26). "Learning to love the bot: Managers need to understand A.I. logic before using it as a business tool". Fortune. Archived from the original on 2020-04-19. Retrieved 2020-04-19.