Future of Capital Allocation
Your weekly newsletter on the fast-evolving world of investing
Your last chance to meet thousands of VCs & startup founders at the CogX Festival!
It’s the week of the CogX Festival! We have an incredible lineup of entrepreneurs, VCs, global leaders, and more. It’s the perfect place to meet thousands of startup founders, CEOs and investors in one place.
The week's developments in investing & technology, explained | 11.9.23
Reading time: ~5 minutes
Check out the full agenda here, featuring speakers like LinkedIn co-founder Reid Hoffman, AI pioneer Stuart Russell, Sapiens author Yuval Noah Harari, and Diary Of A CEO host Steven Bartlett. We've highlighted more of the can't-miss sessions in the section below.
With a free investor ticket, you'll:
🔮 Pack a year’s worth of research and insights into 3 days, with access to the AI & Deep Tech Summit & Industry Transformation Summit
You'll hear inspiring talks, from Hugging Face co-founder Thomas Wolf’s mediation on democratising NLP to investor Rana el Kaliouby's session on the unprecedented opportunity human-AI collaboration will unlock.
🚀 Accelerate exposure to investment opportunities
Meet 1,000+ startups at the Expo & book on-site meeting spaces for real-time 1:1s.
📣 10x your network
Get access to the exclusive Investor and Gold lounges.
We have a shorter briefing for you this week, covering how you can use AI in your VC job, the pressure fund managers are facing to reduce fees and why the AI hype may already be dying down.
—Charlie and the Research & Intelligence Team
The symbiotic interaction of humans and AI
•Rana el Kaliouby, AI thought leader & investor & Maja Pantic, Research Lead at Meta London
•September 12, 1:00 pm at the Deep Tech Summit
Insights from global scaling leaders in AI
•Nigel Toon, CEO, Graphcore, Sachin Dev Duggal, CEO, Builder.ai, Poppy Gustafsson, CEO, Darktrace
•September 13th, 11:00 am at the Industry Transformation Summit
The state of UK tech
•Reshma Sohoni, co-founder of Seedcamp, Saul Klein, Non-Executive Director at the Department for Science, Innovation and Technology & Stian Westlake, Executive Chair at the Economic and Social Research Council
•September 14, 10:00 am at the Industry Transformation Summit
How to bring deep tech to the world
•Miles Kirby, Chief Executive Officer at Deeptech Labs, Elaine Loukes, Investment Director at Cambridge Enterprise & Ian Lane, Partner at Cambridge Innovation Capital
•September 14, 12:35 pm at the Deep Tech Summit
Investing, startups & more
🤖 Is AI hype already dying down?
Since 2019, VCs have invested £18 billion in generative AI; European startups got just £800 million of that funding. Unsurprisingly, US companies attracted the vast majority (89%) of capital.
📈 How to apply AI to your VC job
The technology is most helpful in deal sourcing, operations and due diligence. Investors are also using it to change how they underwrite investments and track talent moves.
Selected highlights from the CogX Festival
Fund managers are feeling the squeeze
Advisors are facing pressure to reduce fees by up to 25% to secure commitments in a competitive fundraising environment. Pitchbook reports that the phenomenon is affecting most private fund managers — save for the top performers.