People are getting richer thanks to AI. Women, not so much.

by MMC
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These female-led startups raised on average six times less than those founded by men over the past decade, the data shows.

The report suggests that women-founded companies are missing out on the AI ​​investment bonanza that began with the launch of ChatGPT last year.

And researchers warned that the gender disparity risks exacerbating the well-documented problems many AI systems face. prejudice and discrimination.

“When we talk about designing responsible and safe AI, it’s very important that we consider what’s happening across the entire AI ecosystem,” Dr. Erin Young, a researcher at the AI ​​Institute of Technology, told Insider. Turing Institute and co-leader of the project.

“That obviously includes things like the design of the AI, the type of data used to train those models, but it also includes the funding channels.

“We need to think about what types of AI technologies are being funded and how these AI technologies are used, who they might benefit and who they might harm,” she added.

Rebecca Gorman, CEO of Aligned AI, told Insider that female founders are often subject to more scrutiny than their male counterparts – which is now hurting venture capital firms as global economic conditions deteriorate.

“Funding a founder because they met a stereotype was an effective strategy during the zero interest rate period, because the most important quality was whether they would raise larger funding in 12 to 18 months,” she declared.

“Funds that continue to follow this strategy will learn too late that they have selected the wrong founder and startup characteristics for a post-zero interest rate world,” she added.

Bias against marginalized groups has long been a problem with AI, with generative models tending to inherit bias from the large datasets they are trained on.

A debate now rages on how to prevent the proliferation of biased models and products, California is about to pass a law it would require venture capital firms to disclose the race and gender of the founders of the start-ups they fund.

Angela Hoover, co-founder and CEO of San Francisco-based AI search engine company Andi, told Insider that the lack of diversity in the AI ​​and venture capital industries is concerning.

“I worry about bias and discrimination in AI models,” she said. “One of our highest priorities is to ensure that AI models are fair and unbiased,” she said.

“Even though AI is heavily male-dominated and we still see a large gender disparity at AI events in San Francisco, we hope this will change as more women get involved in the companies of AI. ” she added.

Dr Young told Insider that venture capital firms need to improve their recruitment policies, foster more inclusive cultures, and monitor their investment strategies to mitigate bias and ensure responsible AI development.

“This recent explosion of investments in generative AI has made even more urgent the need for women and marginalized groups to have an equal place in technology entrepreneurship and in the venture capital ecosystem,” he said. -she declared.

“It is crucial that we encourage inclusion and equity in these areas to promote responsible AI design,” she added.

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