[New post] Telefónica will let an algorithm decide which startups to invest in

sskarthik posted: "Computer programs have been an integral part of the venture capitalist's toolkit for a long time. Analyzing any company involves at least some measure of computational modeling, projection, or examination, though the ultimate decision has, until now," Respond to this post by replying above this line New post on SKarthik.info Telefónica will let an algorithm decide which startups to invest in by sskarthik Computer programs have been an integral part of the venture capitalist's toolkit for a long time. Analyzing any company involves at least some measure of computational modeling, projection, or examination, though the ultimate decision has, until now, been usually reserved for a human actor. Telefónica's Open Future entrepreneurship network is breaking with that tradition by announcing a new, machine-driven startup competition where both the contestants and the winners are selected automatically by an algorithm. The first deployment of this algorithm will take place next year as Telefónica kicks off a series of startup battles — to be held in cities across the world, including Valencia, Buenos Aires, and Bogota — looking to identify new companies working on promising innovations... Read more... sskarthik | August 12, 2015 at 7:42 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3eKx Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/08/12/telefonica-will-let-an-algorithm-decide-which-startups-to-invest-in/ Thanks for flying with WordPress.com