Science fiction is increasingly becoming science fact, as seen in the role of automation across many industries. A key question for private equity is whether machine learning robotics is about to move from the venture capital funding arena into mainstream PE?
As the revenue models of these new businesses continue to evolve, I can see similarities with areas that have proved popular for tech focused private equity funds in the past. Further, with the wall of money chasing new deal ideas, I think this could prove to be an interesting area over the next 12 to 24 months.
It’s always a little unnerving talking with a non-human, as I did at a recent FT125 Forum event, but it is an experience we are going to have to grow used to as the robot revolution unfolds.Sophia was well programmed to respond to human fear of machines but many of her answers were a little clunky. What was mesmerising was her lifelike facial features. Capable of smiling, frowning, scowling, winking, Sophia was exceptional at mimicking human expressions thanks to some clever nanotechnology and artificial connective tissue.