AI Companies and Applications have a lot to Prove in 2024

In this contributed article, Saad Siddiqui, General Partner at Telstra Ventures, indicates that while there are plenty of risks for VCs in AI right now, they’re overwhelmingly outweighed by the potential benefits. As AI adoption continues to gain momentum, the task in 2024 will be making strategic investments in companies and applications capable of maximizing the value of the most revolutionary technology in the world.

IBM Launches $500 Million Enterprise AI Venture Fund

IBM (NYSE: IBM) today announced that it is launching a $500 million venture fund to invest in a range of AI companies – from early-stage to hyper-growth startups – focused on accelerating generative AI technology and research for the enterprise.

How AI and Data Science Can Modify the VC Industry

In this contributed article, Jonathan Serfaty, Head of Data Science, Telstra Ventures, discusses how Venture Capital (VC) is one of the most powerful mechanisms in modern society for catalyzing innovation – particularly in technology – however, ironically, the VC industry itself is not particularly innovative. The truth is that the VC’s have been slow to adopt the AI technologies they help fund.