Responsible investments in AI — how VCs can make better decisions
New article out: Responsible investing in AI. I explain how investors can protect their ROI and society when investing in companies that develop or use AI.
➤ The full article is here
👉Developing and deploying AI irresponsibly creates financial risks. These risks include compliance, reputation, decreased value addition, decreased product adoption, and loss of talent.
👉Therefore, investors have a financial incentive to invest in AI responsibly.
👉But what should they do? That's the topic of my article!
👉I wrote this article for VentureESG, focusing on VC investors.
👉Link to the full article in the comments
I recommend that investors take five steps:
💎STEP 1 Decide whether the company is an AI company
💎STEP 2 Evaluate risk of conflict with regulation & commitments
💎STEP 3 Evaluate responsible AI maturity
💎STEP 4 Determine investment eligibility
💎STEP 5 Provide support and oversight
In the article I explain these steps and illustrate on an anonymous fintech company (based on a real company)
➤ The article is based on my Guidebook for Responsible Investing in AI (created with VentureESG).
The guidebook is here