tech
New VC job: Chief AI Officer
B Capital's recent hire highlights VCs move to bring AI in house.
TL;DR
- B Capital has created a new role, Chief AI Officer, and appointed Andrew Jackson.
- Jackson will help B Capital develop AI tools for internal use and potential spinouts.
- The firm's internal AI system, Bee Hive, currently assists with investment memos and deal analysis.
- AI is seen as a valuable tool for tracking investor decisions and identifying missed opportunities.
- B Capital recently made its first acquisition, agreeing to buy Russell Investments for approximately $2.8 billion, with AI expected to play a role.