Geoff Ralston this week announced his return to a formal investment ring.
Mr. Ralston is well-known in the startup community for his years at Y Combinator. His new fund was named the Safe Artificial Intelligence Fund, or SAIF. This is an example of when the name reflects the content of an organization’s activities in terms of its main mission.
Geoff Ralston is currently interested in working with startups that enhance artificial intelligence security, safety, and responsible deployment. The relevant information was published on the official website of the new foundation.
Geoff Ralston intends to write $100,000 checks as a SAFE. A SAFE is a pre-seed investment tool that was pioneered by Y Combinator. The overall investing limit in this case is $10 million.
Currently, most venture capital investors seek to make financial injections into startups operating in the space of the artificial intelligence industry. At the same time, Geoff Ralston is focused on the idea of safe machine intelligence. He admits that the relevant concept is a bit broad.
It is worth noting that the security aspect in the context of the development of artificial intelligence and scaling up the practice of using AI is the focus of many people’s attention. This interest is natural since machine intelligence is a source of significant, including transformative, power, the application of which can have widespread consequences not only for individual industries but for the world as a whole.
In a media comment, Geoff Ralston stated that artificial intelligence projects out in the world are currently using the technology to solve problems and create efficiencies or new capabilities. At the same time, according to him, safety is not their primary concern.
As we have reported earlier, Security Startup Pillar Raises $9 Million.
