AI and the Future of Work: Artificial Intelligence in the Workplace, Business, Ethics, HR, and IT for AI Enthusiasts, Leaders and Academics Tamara Steffens, MD at Thomas Reuters Ventures, Explains How Corporate VC Works
Tamara Steffens is a seasoned tech executive with a remarkable track record in scaling teams, infrastructures, and products. She has contributed significantly to early mobile and SaaS pioneers, including Boingo, Software.com, Fusion One, and Color. Tamara has held executive roles at Microsoft and Openwave, leading large teams and driving innovation. Her tech career began at Sun Microsystems and Silicon Graphics, where she architected partnerships that defined entire industries. Tamara holds a BS in finance from Michigan State University and is actively involved in shaping the future of business and innovation as a board member at the Broad Business School and a member of the National Advisory Council on Innovation and Entrepreneurship at the U.S. Department of Commerce. She currently works as an MD at Thomson Reuters Ventures; we are thrilled to welcome Tamara to AI and the Future of Work.
In this episode, we discuss:
- Corporate Venture Capital Insights: Tamara shares her journey from working at tech companies like Sun Microsystems and Silicon Graphics to leading Thomson Reuters' venture fund. She explains how her extensive go-to-market experience shapes her investment strategy.
- Investment Strategies in AI: We explore how Thomson Reuters' corporate venture arm approaches AI investments, emphasizing the importance of product-market fit, revenue generation, and strategic alignment with the company's broader goals.
- Differences Between Corporate and Traditional VCs: Tamara outlines the unique considerations of corporate VCs, such as potential go-to-market synergies and strategic benefits, compared to traditional VCs which primarily focus on financial returns.
- Case Studies of AI Investments: We delve into specific investments, like WiseDocs and CentML, highlighting the processes, investment theses, and strategic benefits these companies bring to Thomson Reuters and their respective industries.
- The Impact of AI on the Legal Industry: Tamara discusses how AI is transforming the legal sector, enhancing efficiency, and changing the nature of legal work, particularly for junior lawyers and paralegals.
- Responsible AI and Data Governance: We talk about the importance of responsible AI, data privacy, and governance in AI investments. Tamara explains Thomson Reuters' approach to ensuring ethical AI practices and compliance with legal standards.
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