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Rudina Seseri is founder and managing partner at Glasswing Ventures, an Entrepreneur-In-Residence at Harvard Business School and an Executive-In-Residence for Harvard University’s Innovation Lab.
How do we change the dynamics of the VC industry?
Level - AI - Initiative - Direction - Approach
At a high level, the American AI Initiative seems to be headed in the right direction. We absolutely need a holistic approach that considers all the various areas that are critical to building innovative AI solutions. This seems to be an underlying concept of the Initiative, as the executive order places priority on making data available across government agencies, allocating cloud computing resources to support AI R&D, and training the workforce. Commitment to AI innovation is critical to maintaining our leadership position in technology with the increasing level of global AI competition.
We know that China, France and the UK have invested and committed billions already to their own AI initiatives. The American AI Initiative as it stands does little to blunt the fears that America will fall behind in its technological edge. In fact, its lack of particulars sends exactly the opposite message.
Government - Support - AI - Funding - Investment
If the government wants to demonstrate its support for AI, it needs to commit significant funding and investment in education to retain, attract and grow the talent necessary to support such a critical industry that has the potential to define our future and truly increase American competitiveness.
We have started to see momentum from some institutions that have already announced funding initiatives for AI research and advanced computer science education such as MIT’s $1 Billion commitment to AI, but we need government agencies and other private institutions to follow suit in order to effectively change the landscape. Such investments and focus on advanced technology development must become the baseline expectation for competition in our country.
Investments - VCs - AI - Startups
We also need continuous and robust investments from VCs for AI startups across...
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