The hardest part of running a company is people management, the unpredictability of people is simply unparalleled. But if I could offer a piece of advice, it would be something like this. be empathetic, honest but don’t be afraid to protect people from reality.
Over the course of building an AI powered Startup, I have discovered along with my co-founder, that the technology can get you a long way, but it’s the data that gets you across, meaning generating your own data is paramount to fully utilizing the tech.
AstraZeneca (AZN) just received $1 billion from U.S. Biomedical Advanced Research and Development Authority (BARDA) and secured an agreement for US to receive 40% of the whole AZN’s year capacity.
AZN said some time ago that it will be able to produce 1 billion doses if trials are successful.
Interesting that US BARDA funded French pharma giant Sanofi. It seems that will do everything to get most of vaccines at all the costs.
But what does it mean for stock price like AZN? AZN price today (21/05) has fell 1,3% in the morning despite news. Is this a good opportunity? Maybe. As of now it is difficult to know which vaccine maker will be the one. One strategy - diversification amongst several most promising. Another - pick one and hope for best.
Artificial Intelligence (AI) is the next BIG thing for every business. Although it offers so many new opportunities, it doesn’t come without its challenges.
AI and ethics became a huge concern after noticing ‘unfair’ results generated by AI. My colleague Farah who is an expert in technology law recently wrote a great article on how to eliminate bias in AI.
It consists of four elements:
🥸 Human oversight
Check out this article and let me know your challenges or questions you have with regards to implementing AI in your business in a fair and valuable way.