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ETH Zurich spin-off receives $2.8M for trustworthy Artificial Intelligence
Six months after its foundation, the ETH spin-off LatticeFlow has received USD 2.8 million from two venture capital investors. The aim of this move, as the new company reveals in a press release, is to support its ambitious vision of ensuring reliable and trustworthy AI. Overcoming this strategic challenge will enable the safe use of AI technology, say the company’s founders.
While there have been significant advances in the development of artificial intelligence in the past decade, many AI models are still overwhelmed when it comes to productive, real-world use outside controlled research environments. This can result in errors and unwanted behaviours. Consider a driver assistance system that misreads a stop sign in difficult light conditions – when the sun is shining on the camera, for example – or because the stop sign is combined with other signage.