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To benefit all, diverse voices must take part in leading the growth and regulation of AI | TechCrunch

Feb 03, 2024 - techcrunch.com
Jorge Calderon, managing director at Inicio Ventures, expresses concern over the lack of Latinx/e representation in discussions about AI's growth and regulation. Despite Latinx/e individuals making up over 20% of the U.S. population and contributing significantly to the economy, they receive less than 2% of startup investment funding. Calderon argues that the unique perspectives and experiences of diverse founders can lead to the development of socially impactful services and products, and their exclusion from policy discussions could lead to worse social and economic outcomes.

Calderon calls for diverse startup founders and leaders to be included in discussions about AI regulation and the creation of an appropriate regulatory framework. He suggests that policymakers should consider incentives like tax credits, STEM education grants, and training and recruitment programs to increase representation and success of diverse groups within the AI sector. He emphasizes that the input of diverse groups is crucial in shaping AI-related policies that will influence our collective future.

Key takeaways:

  • Jorge Calderon, managing director at Inicio Ventures, expresses concern over the lack of Latinx/e representation in discussions about AI's growth and regulation.
  • Despite Latinx/e founders contributing significantly to the U.S. economy and founding a large portion of new businesses, they receive less than 2% of startup investment funding.
  • Latinx/e college enrollment and enrollment in science and engineering programs have significantly increased, indicating a potential for greater Latinx/e influence in the tech industry.
  • Calderon argues that diverse startup founders and leaders should be included in discussions about AI regulation and incentives, as their unique perspectives could contribute to more effective and inclusive policies.
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