Quid AI isn’t that good.

Quid’s AI reported that over 50% of venture capital winners will now be outside of Silicon Valley, 20% outside of the US.  It says it also “predicted” a few success 8 years ago here in this article.

From an artificial intelligence perspective, it’s actually not new information.  What it’s really doing is analyzing and inferring a function from labeled training data, in other words…Quid’s AI is not actually a real “prediction”.  It’s something that already exists.

The labeled training data is based off companies that have already raised venture capital.  Which 80% of Venture Capital is injected during the Infrastructure Building Phase (known as Series B; however what it’s called in the press may be different). Most of the VCs already know the outcome of their companies by this stage.

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