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.