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DOE Backs AI for Clean Tech Investors

Distributed By Christian Hoffeldt

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The U.S. Department of Energy wants to make investing in energy technology easier, less risky, and less expensive (for the government, at least).A new initiative by the DOE’s office of Energy Efficiency & Renewable Energy (EERE) is looking for ideas on how to reduce barriers to private investment in energy technologies. Rho AI, one of 11 companies awarded a grant through the EERE’s US $7.8-million program called Innovative Pathways, plans to use artificial intelligence and data science to efficiently connect investors to startups. By using natural language processing tools to sift through publicly available information, Rho AI will build an online network of potential investors and energy technology companies, sort of like a LinkedIn for the energy sector. The Rho AI team wants to develop a more extensive network than any individual is capable of having on their own, and they’re relying on artificial intelligence to make smarter connections faster than a human could. “You’re limited by the human networking capability when it comes to trying to connect technology and investment,” says Josh Browne, co-Founder and vice president of operations at Rho AI. “There’s only so many hours in a day and there’s only so many people in your network.”

Source: DOE Backs AI for Clean Tech Investors – IEEE Spectrum

About The Christian Hoffeldt

Talent Scout, Human Resource Management, Talent Management , Learning & Development, Organizational Development, Change Management, Psychology, Neuropsychology