Tackling AI Risks
The modern technologies of Web 3.0 are disrupting sectors and parts of everyday life; however, everything is not as simple in this space as they bring with them several security threats. As people across the globe fight for their privacy amid the rise of digital tech, now the big question arises - what other kinds of new threats are out there? And how do individuals protect themselves?
By addressing AI risks through its mitigation framework for AI governance, risk and compliance platform, Aaquarians.ai provides benefits such as enhanced security, hyper-personalised customer experience, privacy and scalability.
Amidst the rise of Web 3.0 and cybersecurity concerns, the company eyes the trust of the people as well as new opportunities for innovation and collaboration for decentralised AI applications in this arena.
Talking about the AI risks, Sivaramakrishnan R. Guruvayur, Founder and Chief AI Scientist, Aaquarians.ai says, “I don't think we have to worry too much about whether we are going in the wrong direction or not because AI technology is here to stay. So the way ahead is to adopt these technologies ethically and responsibly."
Regarding Web 3.0 and 4.0, he believes that the upcoming technologies would merge to create a single point of user experience, decentralised platforms to serve humans in a much more effective way.
“Some of the concerns we are talking about today regarding privacy and governance issues would be taken care of very effectively and responsibly,” Guruvayur adds.
Inside Aaquarians.ai
Aaquarians.ai is an AI ethics, governance, risk and compliance platform and a domain-specific AI audit framework. It is a platform designed to contribute to the Web 3.0 space by providing tools and frameworks that enable the creation and governance of decentralised AI applications.
“We are in the business of helping organisations to leverage AI technologies ethically, fairly and responsibly and comply with AI regulatory requirements using established AI governance frameworks and practices and business outcomes,” the company tells BW Businessworld in a statement.
Now, as global economies are taking the big leap to promulgate AI laws such as EU AI Act, India AI law etc., Aaquarians.ai, a pre-revenue startup is seeing this as a huge potential to grow. Since these regulatory requirements are coming into force very recently, it is eyeing a very strong revenue upside by Q4 of this financial year/Q1 of the next financial year.
The company is pursuing open leads and its management is confident to convert them into opportunities. Currently, it’s self-funded by founders and going ahead with a funding round soon.
Meanwhile, it is moving forward with a mission to help organisations leverage AI technologies ethically, fairly and responsibly and comply with AI regulatory requirements using established AI governance frameworks and practices.
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