EQT Enlists AI Partner to Find Startups That Will Rule the World
- Ventures founder says Europe will spawn dominants in 10 years
- AI software will help fund outperform, Hjalmar Winbladh says
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EQT Ventures co-founder Hjalmar Winbladh thinks he has an answer to the question of how Europe will be able to produce a global leader in artificial intelligence. It’s artificial intelligence.
Investment assessments at the venture-capital arm of Swedish private-equity firm EQT Partners are made by Winbladh, other partners -- and Motherbrain, a software-based tool that crunches data to identify the most promising startups in Europe. Winbladh, whose company is part-owned by Sweden’s billionaire Wallenberg family, said Motherbrain gives his fund an edge in the “extremely conservative” venture-capital business.