December 15, 2023

Nick Mathioudakis Discusses Venture Capital Funding in Artificial Intelligence with Indiana Lawyer

In “‘Flavor of The Month’: VC Funding in AI is on the Rise, But for How Long?,” Indiana Lawyer turned to corporate partner Nick Mathioudakis for his commentary on the rise of funding for artificial intelligence startups.

“I just think every, especially every technology-driven or technology-enabled, business is trying to leverage artificial intelligence,” said Mathioudakis, who added that clients are considering AI in every business decision right now, but that the process is the same as with the adoption of any emerging technology.

Mathioudakis noted, “The early applications aren’t usually always the best applications, and people will find over time the more effective uses of artificial intelligence.”

The goal for clients is generally to find the best ways to leverage AI to increase efficiency, he explained. “I think that’s why it’s so interesting right now because it is such a wide open and big opportunity.”

Mathioudakis said that investment in Al-driven companies will continue to rise, adding that the overall decrease in venture capital funding has opened up an opportunity for investors to focus on the emerging technology.

“I think we'll continue to see lots of investment in here as people see there’s going to be mergers and acquisitions involving AI, which is what attracts investment dollars into it, as well,” he said.

The full article is available for Indiana Lawyer subscribers.

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