As AI continues to shape our world, a critical question arises that has been asked around the world since forever and that is: Are diverse voices adequately represented in the discussions about AI’s future? Jorge Calderon, managing director at Inicio Ventures, believes that the absence of Latinx/e founders and leaders in these discussions is a cause for concern as they are also an integral part of the profitability and welfare.
The Latinx/e Entrepreneurial Landscape:
Latinx founders contribute significantly to the U.S. economy, accounting for over $3.2 trillion per annum. Despite their innovative talent, they face challenges in acquiring investment funding. Latinx founders receive less funding than their non-Hispanic colleagues, extending an undemocratic system.
Nevertheless, there’s hope. Latinx college acceptance has surged, with science and engineering programs witnessing a 65% growth over the last decade. Guillermo Diaz Jr., former CIO of Cisco, emphasizes the potential of Latinx technology leadership to drive prosperity in the U.S.
The Regulatory Conversation:
When it comes to AI regulation, Calderon questions the omission of Latinx/e and other diverse groups. Last year, the Biden administration engaged with tech giants and academics, but the conversation was too narrow. Underrepresented communities bring nuanced perceptions that must be part of shaping AI’s future.
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As AI evolves, we must ensure that diverse voices are not only heard but actively involved in navigating its growth and impact. The path to an inclusive AI ecosystem lies in collaboration, representation, and equitable opportunities. It is high time that the world system of segregation and underrepresentation changes and brings innovation not just technically but mindfully too. The only question is that when will the modern world learn to accept the concept of equality?
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