In the latest episode of The Astute Investor, LGT Wealth Management’s Head of Private Markets Martin Randall speaks with Isaac Kim and Michael Romano at tech venture capital firm, Lightspeed Venture Partners. Randall, Kim and Romano discuss the most significant disruption in a generation: artificial intelligence (AI). AI is changing the fundamentals of the way we do business and the way we value companies and investments, and all at a pace that is unprecedented.
Hear from Kim and Romano on how exactly AI is creating efficiencies within various sectors. How, for example, can AI transform industries that haven’t traditionally had significant software support for administrative tasks, like healthcare? Can AI allow doctors to spend more time with their patients and less time pushing paper?
From an investment point of view, the pair also explain how a specialist understanding of the AI sector is needed to choose companies to partner with. As Romano outlines, this is no easy task and requires tuning out the hype from both the media the companies themselves. More broadly, how are markets reacting to the new paradigm?
Kim and Romano also look at industries that AI threatens directly, such as parts of the software industry. They explain how certain players will need to evolve in order to survive. As humans, also, we need to consider how we ourselves adapt to a new world so as to harness AI’s power for efficiency rather than be undermined by it.
