Investors Urge AI Startups to Inject Early Dose of Ethics

Artificial intelligence (AI) startup investors are urging companies to improve their products from an ethical perspective, using a code of ethics to guide operations, a tool to explain how software makes decisions, and best practices that feature consistent, open communication and immediate feedback about algorithmic output.

For example, Analytics Ventures’ startups employ a tool called Klear to forensically analyze why AI systems arrive at decisions.

Analytics Ventures’ Andreas Roell said, “I see explainability as a core component of having an ethical guardrail around AI.”

Meanwhile, a tech accelerator run by Innovation Works unveiled a voluntary ethics component to its program for startups, in partnership with Carnegie Mellon University. The program targets issues like bias and data privacy, and asks each startup’s founders to craft an ethical values statement.

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