AI and machine learning due diligence (+ checklist download)

You may be considering making an investment in a startup that claims to use machine learning/AI and would like an impartial assessment of their technology along a practical checklist. We can perform an evaluation of a company’s technology stack. This should be done in tandem with a traditional due diligence exercise. You can download our AI due diligence checklist.

Some of the points we will look at in our technology due diligence checklist include:

• is the product a real product and capable of being sold as is, or just a demo?
• how viable and scalable is the technology long term?
• where will the data for the AI come from? If from users, then does the product suffer from the cold start problem?
• can the product scale in the real world?
• how reproducible is the product?
• how sustainable are the development workflows?
• are code and models documented and under version control?
• are the founders’ credentials and experience valid and as claimed?
• is there any crucial employee, or exceptionally talented employee on whom the business depends?
• is the team well-balanced with complementary experience, or have the founders recruited individuals with the same profile?
• how is the product’s performance measured (see posts on evaluating generative models or healthcare applications)?