Surveys with the 10 largest venture capital funds and two largest start-up accelerators investing in Generative AI companies revealed hardly any were taking steps to safeguard human rights.
Leading venture capital (VC) firms are failing in their responsibility to respect human rights, especially in relation to new Generative AI technologies, warned Amnesty International USA (AIUSA) and the Business & Human Rights Resource Centre in research released today.
“Generative AI is poised to become a transformative technology that could potentially touch everything in our lives. While this emerging technology presents new opportunities, it also poses incredible risks, which, if left unchecked, could undermine our human rights.”
Michael Kleinman, Director of AIUSA’s Silicon Valley Initiative
Leading VC firms have refused to implement basic human rights due diligence processes to ensure the companies and technologies they fund are rights-respecting, as mandated by the UN Guiding Principles on Business and Human Rights (UNGPs). This is particularly concerning given the potentially transformative impacts Generative AI technologies could have on our economies, politics and societies.
Michael Kleinman, Director of AIUSA’s Silicon Valley Initiative, said “Generative AI is poised to become a transformative technology that could potentially touch everything in our lives. While this emerging technology presents new opportunities, it also poses incredible…
