Prime Role for Ai in Impact Decisions

"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."

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Selected Grant News Headlines

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

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'Our Heartfelt Thanks, Jane'
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Just Transition Fund

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Community Foundation Increases Grant Support by Nearly $1 Million
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Metallica's All Within My Hands Foundation Donate $500K For L.A. Fire Relief
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Tuesday January 21, 2025


Social Entrepreneurship
Spotlight



Bicycles for the People in Rural Mozambique


Mozambikes, a for-profit social venture, was formed during a road trip across Mozambique. The founders of Mozambikes aim to improve the quality of life among rural Mozambicans by providing low-cost, efficient personal transportation.