First AI Robot appointed to board of directors of company

Deep Knowledge Ventures - a venture capital company, has appointed an AI robot called Vital to their board of directors. Although it has no official position, the company's director says they would never make a decision without the approval of Vital.

Dmitry Kaminskiy, managing partner of Deep Knowledge Ventures, believes that the fund would have gone under without Vital because it would have invested in "overhyped projects." Vital, which stands for Validating Investment Tool for Advancing Life Sciences, helped the board to make more logical decisions, he said.

While DKV is credited with being the first company to have appointed AI to its board, Kaminskiy said the algorithm's role was a little different from that of human directors. "We treat it as a member of our board with observer status," he said. "As a board, we agreed that we would not make positive investment decisions without corroboration by Vital."

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