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The concept of artificial intelligence is still in its infancy, but the World Fund is already making investments in companies that use it to solve some of the world's biggest problems, including climate change.
"For the most part, solving the climate crisis will come from significant investments in deeptech, hardware, and fundamentally new technologies," the fund's head of climate investments says in a blog post.
"From deeptech to software stacks, AI can fundamentally make quick changes to how we use energy resources across industry, highlighting inefficient use and quicklywithout human input."
For example, the World Fund has invested in a company called aedifion that uses AI to find cell-free alternatives to fossil fuels, and it has also made two investments in a company called Freshflow that uses AI to understand consumer buying trends in supermarkets.
"At a political level, we'd like to see some understanding that there can and should be a positive correlation between the development of AI and adopting some of its use cases in our response to the climate crisis," the World Fund's head of climate investments says.
In fact, the European Union is working on its own AI legislation, and a former European Parliament member is calling for an AI tax based on the risk of job losses and Read the Entire Article
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