China VC Fund Relies On Machine Learning To Invest In U.S. Startups

August 14, 2017

Machine learning is trickling over into venture capital thanks to a China-connected investor, Hone Capital, the Silicon Valley offshoot of large Chinese private equity player CSC Group.

At a time when China's big tech companies Tencent, Alibaba and Didi are pouring money into U.S. startups, Hone Capital is turning to analyzing data patterns to predict the most promising American startups to invest in. How widespread machine learning will become in VC where intuition counts a lot is yet to be seen.

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Source: Forbes