Artificial intelligence can empower companies to disrupt traditional industries. And the opportunities are there for venture capital funds as long as they find the right applications.
In an interview on the sidelines of the HKVCA Asia Private Equity Forum in Hong Kong, Yu Cheng, partner of Morningside Venture Capital, outlined what opportunities he sees in the AI industry, especially given current market volatility.
“Be cautiously optimistic and embrace AI” is his outlook for private equity investment in the next year. Cheng believes that it is time to find the valuable applications for AI technology, and to serve consumer needs.
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