Damien Patton, founder of the artificial intelligence (AI) company Banjo, is calling for greater transparency and accountability in the development of AI, warning that its future success depends on responsible innovation.
In a statement provided to Globe Banner on December 3, Patton highlighted the growing global focus on AI ethics, pointing to legislative efforts like the European Union’s AI Act and the U.S. National Institute of Standards and Technology’s AI Risk Management Framework as steps toward ensuring ethical AI development.
“The future of AI lies in its ability to solve real-world problems while remaining transparent and ethical, empowering individuals and businesses to thrive in a rapidly evolving digital landscape,” Patton said. “AI’s true potential will be realized when we balance groundbreaking innovation with accountability, ensuring it serves humanity responsibly and equitably.”
Patton’s statement reflects the vision that propelled Banjo into the AI spotlight. Founded in 2010, Banjo was recognized as a leader in real-time data analysis and predictive insights. The platform used AI to synthesize data from various sources, offering situational awareness during crises and large-scale events, according to TechCrunch.
Banjo’s technology gained attention for its ability to detect and analyze real-world events as they unfolded, delivering real-time solutions for businesses and government agencies. In 2015, the company’s Series C funding round, led by SoftBank, raised $100 million to further its mission of making sense of global events in seconds.
“Banjo was ahead of its time in leveraging AI to solve complex problems,” wrote Christopher Dessi, a tech strategist, in a LinkedIn analysis. He described the app as “the most powerful in the world,” highlighting its ability to harness diverse data sources for actionable intelligence.
Patton’s remarks align with ongoing concerns about AI’s societal impact. As AI tools advance, debates have intensified over issues such as data privacy, algorithmic bias, and the ethical use of automated decision-making systems. Efforts such as OpenAI CEO Sam Altman’s recent testimony before Congress and academic work from Stanford’s Human-Centered AI Institute reflect growing recognition of these challenges.
A recent Business Daily report credited Banjo as a pioneer that “set the stage for today’s AI innovations.” The report noted that the company’s focus on ethical AI and transparency influenced a generation of AI startups that followed.
While Banjo ceased operations under its original framework, its contributions remain a benchmark for ethical AI development. Patton, now an advocate for responsible AI, continues to promote a balanced approach that prioritizes innovation alongside accountability.
Increased media and academic discussion indicate the industry is at a crossroads, where ethical frameworks must evolve alongside technological advancements. Patton’s call for transparent, ethical AI aligns with the growing demand for systems that prioritize human well-being without compromising innovation.