IDE Group’s Post

One of my favorite courses in the #CEL. We bring together #Olin, #Law, #McKelvey, #A&S students to work on solution for startups. I'm looking forward to seeing what students are ready to tackle a real world challenge. #CenterForExperientialLearning #InStLouisForStLouis #Consulting

Happy Thursday, everyone! As we all know, NYC is the heart of finance, which serves as the circulatory system for innovation and job creation in the US. With the fast development of AI, it's essential to ensure that young startups are part of the discussion in Washington DC. We are at a crucial moment in the evolution of new technology that will significantly impact all of our lives. As DC grapples with privacy, antitrust, and AI, the startups need to have a seat at the table. Let's work together to ensure that all voices are heard and that we can create a brighter future for all. See below for a Q&A from Politico with Gaurab Bansal, executive director of the nonprofit Responsible Innovation Labs. https://lnkd.in/gj-_KdaF What are your concerns around AI regulation as lawmakers continue to mull potential rules? Most of the attention has been focused on frontier models and the concerns of the largest technology companies that have the resources to have a presence in D.C. Most startups at the earliest stages are small teams, they are not well-resourced in terms of expertise that many of the large tech companies have. So right now there's a gap in terms of how startups should be thinking about developing responsibly. There's not a lot of time and attention being paid to the standards that early-stage startups should be striving for. Another concern is competition. This discussion around regulatory capture, I think, is a real concern. When you don't have startups engaged on a regular basis — which is a highly decentralized space with less resources and less engagement with D.C. generally — and you have Big Tech engaging on their behalf, how do we write a set of rules that promotes competition and innovation and doesn't entrench the incumbents further? That’s a risk we worry about. Ultimately this next batch of great companies are often going to be startups. It's important to allow those new players to emerge. So how do we have a pro-competition policy, where startups are not disadvantaged? I think that's a key feature. And then I'd say the third thing is, if there will be regulation, how is it right-sized for use? I think overly broad regulation can stifle innovation and there's a lot we don't know. But I think there is a concern that regulators will act broadly, unnecessarily.

I wrote many months ago that a major VC trend will be “Responsible Investing” - companies who have ethics and social impact/responsibility built into their fundamentals. As #AI enters almost every domain of technology and society, it becomes necessary for us to take leadership as investors and founders, and commit to building Responsible AI companies. And Responsible Innovation Labs is putting a framework forward for doing just that. Proud to be a signatory on voluntary Responsible AI commitments as Lux Capital. On Responsible Investing - https://lnkd.in/g-JfTQRW

As VCs, I believe that it is our duty to guide founders to build business for good. For the AI age, that means infusing ethics, trust and transparency into your DNA, a topic I have discussed in our People First Framework for the AI economy.    Today, Responsible Innovation Labs, a group co-founded by VC leader Hemant Taneja, unveiled their voluntary Responsible AI commitments and we are proud to be a signatory as Mayfield. It lays out a framework that encourages innovation while being cognizant of risk. We look forward to participating in the journey toward its implementation as we unite with VC and company leaders to make AI a force for change and a force for good.   Our People First Framework: https://lnkd.in/dzrdAQJW

Today, 35+ VC firms, with another 15+ companies, representing hundreds of billions in capital have signed the voluntary Responsible AI commitments from Responsible Innovation Labs (RIL), the non-profit I co-founded. As Chairman of RIL, I’m proud to unveil this today with tech leaders and Commerce Secretary Raimondo in San Francisco. This group includes (among others): Antler, Arthur, Bain Capital Ventures, Base10 Partners, Credo AI, Felicis, Ford Foundation, General Atlantic, General Catalyst, Generation Investment Management, Inflection AI, Insight Partners, Intel Capital, IVP, Kinnevik, Lux Capital, Mayfield Fund, Radical Ventures, Ribbit Capital, SoftBank Investment Advisers, and XYZ Venture Capital. These commitments include: 1. A general commitment to responsible AI including internal governance  2. Appropriate transparency and documentation 3. Risk & benefit forecasting 4. Auditing and testing 5. Feedback cycles and ongoing improvements  In addition to the Commitments, we are publishing a 15-page Responsible AI Protocol, a practical how-to playbook to help investors and start-ups alike fulfill the commitments. Since April, our steering group of cross-societal AI experts has worked hard to understand the unique considerations and relevant and realistic standards for technologists at any stage. We strongly believe in the power of AI to transform our world for the better. Our role as investors is to advocate for our startups and the innovation economy from day 1. Everybody saw the executive order last month–the reaction in the Valley has generally been to denounce it. The reality is that right now it’s largely just reporting requirements. However, there is a risk that devolves into regulation that slows innovation down and makes America and its businesses uncompetitive. But the right path forward is to not be antagonistic towards D.C. We in the Valley need to learn that this is not about regulation vs. innovation, but about innovation at the intersection of technology, policy, and capital.    We have to embrace collaboration with our elected leaders. And as investors, we must hold ourselves accountable for what we fund and found. I want to commend the RIL team and committee for engendering trust and creating space for feedback, including with the Commerce Department and the White House.  We are facing what is likely the quickest adoption of any new technology ever in AI. It’s difficult to think about the regulatory frameworks that protect the pace of innovation as well as protect against any nefarious use cases of technology. While we all learn how this role of technology evolves, it’s important for us to be intentional about the mindset and mechanisms used in building early stage companies, as both investors and founders. We can’t wait or kick the can down the road.  We hope to see more venture firms and startups embrace this mindset, and encourage more to consider signing: https://lnkd.in/gsugHY9e.

🌟 Calling all undergraduates with game-changing ideas! 🌟 Are you overflowing with creative ideas that could revolutionize society? Don't let them go unnoticed! 🚀 IdeasMarketplace invites YOU to participate in our Creative Ideas Competition! Whether it's a tech innovation, a sustainable solution, or an artistic endeavor, we want to hear from you! Seize this opportunity to showcase your brilliance and make a tangible impact on the world. 🌍 To apply, simply register through the link below: https://lnkd.in/eixi8EWJ When registering, kindly mention "Emmanuel Ajayi" as the Name of The Person who invited you. Let's make waves together! Don't miss out on the chance to turn your ideas into reality and shape a better future. Apply now and let your creativity shine! ✨ #CreativeIdeas #Competition #Undergraduates #Innovation #SocietyChange #IdeasMarketplace

The National Institute of Technology,Andhra Pradesh is organizing an Internal hackathon for SIH-2023. Smart India Internal Hackathon 2023 Venue: 021 MMM Block, NIT Andhra Pradesh Date-Time: 26 September, 2023, at 5:00 PM Deadline for Form Entry: 24 September, 2023, at 5:00 PM Certificates will be awarded to all participants, and shortlisting will be based on the number of applications received. Team Requirements:  Team Should Contain 6 members ( Minimum 1 Female Student) WHAT IS SIH? Smart India Hackathon is Worlds biggest innovation challenge initiated by the Government of India to help various government departments, private organisations get solutions for some of their pressing problems through students. It is a nationwide initiative to provide students with a platform to solve some of the pressing problems we face in our daily lives, and thus inculcate a culture of product innovation and a mindset of problem-solving. The Previous editions SIH2022, SIH2019, SIH2018 and SIH2017 proved to be extremely successful in promoting innovation out-of-the-box thinking in young minds, especially engineering students from across India.  Process: 1. Institute organizes internal hackathon 2. SPOC nominates the best ideas/solutions and is submitted to SIH2023 . SPOC : Dr. Yuvaraj Follow the below links to know about the problem statements, themes and team composition guidelines. Problem Statements: https://lnkd.in/gft5aU_N Themes: https://lnkd.in/dZFjTxVW Guidelines for Team Formation: https://lnkd.in/g--xEpa5

Embarking on a Tech Odyssey: My Journey with Tech4Dev ⭐️ The decision to venture into the world of technology was fueled by an innate curiosity and the empowering realization that “I can do this.” This moment ignited my ambition and set the stage for a journey that would redefine my career path. One significant milestone along this route was co-creating a plastic recycling website with an incredible team. Despite challenges, our collective resilience ensured seamless collaboration, marking a testament to the endless possibilities within the tech realm. Enter Tech4Dev discovered through a friend's recommendation. This transformative experience, guided by dedicated facilitators like Mr. Abba, honed my skills and broadened my horizons. Real-world projects, industry insights, and a supportive community became the foundation of this remarkable training. Reflecting on the journey, Tech4Dev has not just propelled my career; it has instilled the confidence to navigate the dynamic tech landscape. Collaborative projects, insightful lectures, and the sense of camaraderie within the community stand out as highlights. Looking forward, my plan is to apply this newfound knowledge to real-world projects, stay connected with the tech community, and explore internship opportunities. To those considering a tech career: Embrace challenges, stay curious, and trust in your adaptability. Heartfelt thanks to Tech4Dev for the opportunity and guidance throughout this transformative journey. Grateful for the skills gained and excited for what lies ahead!

🌟 Calling all undergraduates with game-changing ideas! 🌟 Are you overflowing with creative ideas that could revolutionize society? Don't let them go unnoticed! 🚀 MyIdeasMarketplace invites YOU to participate in our Creative Ideas Competition! Whether it's a tech innovation, a sustainable solution, or an artistic endeavor, we want to hear from you! Seize this opportunity to showcase your brilliance and make a tangible impact on the world. 🌍 To apply, simply register through the link below: https://lnkd.in/eixi8EWJ When registering, kindly mention "Emmanuel Ajayi" as the Name of The Person who invited you. Let's make waves together! Don't miss out on the chance to turn your ideas into reality and shape a better future. Apply now and let your creativity shine! ✨ #CreativeIdeas #Competition #Undergraduates #Innovation #SocietyChange #IdeasMarketplace