Using Ai to Speed up Due Diligence Raises Concerns About Trust and Verification
Bridgetown Research has raised $19 million to deploy its AI agents for business decisions and M&A deals, claiming it can speed up due diligence and reduce costs. The startup's AI agents gather information from industry experts through networks of consultants and researchers, which are then used to produce an initial analysis in 24 hours with inputs from hundreds of respondents. However, the reliability of AI-generated research is a concern, as large language models can hallucinate and provide inaccurate information.
- Bridgetown Research's approach may be seen as a game-changer for due diligence, but it also raises questions about the role of human judgment in verifying the accuracy of AI-generated research.
- Will companies willing to take on the risk of relying on AI-generated research ultimately benefit from the cost savings and increased efficiency, or will they need to invest in additional verification processes?