New due diligence challenges facing investors in AI

Organisations looking to acquire or collaborate with Artificial Intelligence (AI) companies, or acquiring AI technologies, are having to address a host of specific risks in their due diligence procedures. AI, in various forms, has long been pervasive in certain industries. However, it is currently advancing at breakneck pace thanks to the growing sophistication of mathematical models and algorithms, the massive abundance of readily available data and exponential growth in computational power. It remains a frontier technology – an area of huge potential, but also complexity. In its early form, the notion of AI was the quest to make computers do what humans can do.