He launched a $75 million fund, fired all the analysts and left the job to artificial intelligence!

As investors race to fund the next big AI startup, a venture capital firm has made a notable move.

He laid off his employees and turned to artificial intelligence.

Davidovs Venture Collective (DVC), which launched a $75 million Series A and B fund for AI startups, has laid off its analysts and started using AI to execute deals for the $75 million fund.

The company initially employed five part-time and five full-time analysts. However, according to Business Insider, those positions were eliminated more than a year ago and replaced by AI. The company says it has laid off its analysts, who typically help research and evaluate deals.

Instead, the company leverages a network of 170 limited partners (LPs), including founders and engineers from companies like OpenAI, Google, Meta, Microsoft, Tesla, SpaceX, and Perplexity, and equips them with AI tools.

Marina Davidova, one of the company's founders, notes that while AI has increased the company's productivity, it cannot replace humans in assessing qualities such as a founder's mental state.