Berlin-based Elucidate raises €2.5 million to further develop its Financial Crime Index

Today Elucidate, the Berlin-based financial crime risk quantification agency, has announced closing a €2.5 million investment led by Silicon Valley-based 11.2 Capital. Other participants in the round include Seed X Liechtenstein, Apex Ventures, Big Start Ventures and SixThirty Ventures. The funding will enable Elucidate (2018) to further develop the company’s flagship product, the Elucidate FinCrime […]

AI researchers condemn predictive crime software, citing racial bias and flawed methods

A collective of more than 1,000 researchers, academics and experts in artificial intelligence are speaking out against soon-to-be-published research claims to use neural networks to “predict criminality.” At the time of writing, more than 50 employees working on AI at companies like Facebook, Google and Microsoft had signed on to an open letter opposing the […]