Prime Role for Ai in Impact Decisions

credit:

"There are few people as informed about the latest state of AI developments and its level of adoption in financial services, who have also sat shoes in the shoes of investment managers and asset owners," says Andrew Huang, the founder of Alpha Partners.

That's why the Boston-based investment firm has just launched a new service called Impact Alpha Partners, which uses artificial intelligence to help it identify companies that are making a positive impact on the environment, Forbes reports.

"Impact investing is the next evolution of investment practice," Huang says.

"It requires a theory of change that links such as capital and strategy, with intent to achieve outputs such as social and environmental financial returns and measurable, additional impact."

Michael Kollo, an AI specialist at Alpha Partners, says there are many potential uses for AI in this area, but "rigorous testing and system will be needed given our fiduciary responsibility to clients," and the firm "remains cautious about the known issues with AI, including hallucinations and lack of explainability."

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Iowa Lakes Community College to Launch High School Drone Course with Aviation Grant

High school students in Iowa can now get a leg up on the rest of the country thanks to a nearly $500,000 FAA grant. The grant will allow Iowa Lakes Community College to launch a course in drone...more

India Lead

A major bank in India is looking for a senior analyst to help it grow its climate finance business, the BBC reports. The Global Innovation Lab for Climate Finance is looking for a senior analyst...more

Social enterprise Scarf to host two pop-up dinners at Liminal

"A friend and I were both working in restaurants, and we were just meeting a lot of young people from refugee backgrounds who were wanting to work but couldn't get their foot in the door," Scarf...more

Ayurveda Day 2024: Celebrating Innovations for Global Health and Wellness

India's Ministry of Ayush has declared Oct. 29 of each year as "Ayurveda Innovations for Global Health" in an effort "to showcase Ayurveda's potential to improve global health through innovative...more

In the Know: News, Updates From Greenville Area Businesses and Nonprofits

The BMW Group has pledged $1 million to the American Red Cross Disaster Relief Fund.The Mauldin Fire Department is piloting a fire prevention K9 program to better educate the...more

Ai Wealth Startup Leans Into Impact Investing

The move speaks to how impact investing remains an important channel for wealth managers to plug into.The move was announced at the World Economic Forum in Davos,...more

Tata Trusts Plans to Trim Cost Flab with Fitter Management; Several Roles to Be Done Away with

The world's third-largest philanthropic organization is getting rid of several senior management roles in a bid to cut costs, the Wall Street Journal reports. According to the Economic Times,...more

Days after Ratan Tata'S Death, Noel Tata Plans to Cut Costs With...., Key Roles to Be €¦

Weeks after the death of his father, Ratan Tata, the chair of the Tata Trusts, one of the world's largest philanthropic groups, is reportedly reorganizing its management structure in an effort to...more

Five Ai Tools For High School Students: Boosting Efficiency in 2024

Otter is the ultimate note-taking and live transcribing tool.The AI is used for building company presentations and pairing text with multiple processes.Its ability to develop training guides and...more

Greenpeace East Asia Unveils Animated Series Trailer To Combat Climate ...

A 15-year-old girl and her " sentient carbon footprint companion" embark on a journey through time and space to find out the effects of climate change and expose Big Oil's secrets in Greenpeace's...more