Strengthening the governance of AI

There are opportunities across all functional areas for AI to augment and support human decision making, even the boardroom. Back in 2014, Deep Knowledge Ventures (DKV) made headlines when it appointed the first artificial intelligence (AI) algorithm, aptly named Vital, to its board of directors. Now more than three years out, I was curious to see how Vital fared – did it retain its seat at the boardroom table or get relegated back to the lab due to a failed investment? To my surprise, Vital has not only retained its seat, but has been credited with keeping DKV out of bankruptcy. Through its pattern recognition algorithm, Vital assessed risk factors across more than 50 parameters and recommended investments not identified by its human counterparts.