The article discusses how Insight Partners, a leading venture capital firm, plans to incorporate generative AI into its operations in 2024. According to the firm’s managing director, Lonne Jaffe, they aim to leverage generative AI tools like ChatGPT to enhance their investment research process. Jaffe believes that generative AI can assist in tasks such as summarizing lengthy documents, conducting initial research on potential investments, and even drafting sections of investment memos. However, he emphasizes that human analysts will still play a crucial role in evaluating the outputs and making final decisions. The firm also plans to explore using generative AI for internal operations, such as drafting emails and presentations. Jaffe acknowledges the potential risks and limitations of generative AI, including the possibility of biased or inaccurate outputs, and stresses the importance of responsible and ethical use of these technologies.
Source: https://www.businessinsider.com/vc-firm-insight-partners-how-to-incorporate-generative-ai-2024-11