∞Direct answer
Direct answer
Use AI to find and sort claims. Do not use its note as proof. For each key claim, keep the first source, date, page, and name of the person who checked it. Fix clashes before you score or pick. NIST has four parts for AI risk: Govern, Map, Measure, and Manage. [1]
Start a claim log before you ask AI
Think of a claim log as a short set of facts that may change the deal. Start with the firm name, owners, cash, sales, clients, product, and big risks.
Put one claim in each row. Add the kind of source, a link or file name, page or cell, source date, check date, and name of the person who checked it. Keep the exact words or sum when it counts.
Ask AI to put claims in this form. Then open the source. A good note with no clear path is a lead. It is not proof.
- Claim: the fact to check.
- First source: the first file you can open.
- Place: page, tab, cell, or public URL.
- State: clear, not clear, or a clash.
Say what a source is and cannot show
Name a source before you use it. A signed deal, bank note, board OK, firm file, public file, and news note each show a different thing.
Use a public list to check facts. Do not call it full proof. Companies House says its data is part of the register. It says there can be errors at times. [4]
Keep the firm file by the public check. In the UK, the list can show firm data and file images. [5] A match helps. It may not end the check.
- First firm file: ask who made it and on what day.
- Official file: note its day and use.
- Outside report: find its own source and day.
- AI note: keep the ask and files it cites.
Make the AI work clear
Keep the ask, model name, run day, files it read, and its note. Keep its links too.
Ask for quotes, not just a short note. Ask the tool to say it is not known if it has no source. Do not let it guess to fill a gap.
NIST says its AI risk guide is by choice. It aims to help firms deal with AI risk in how they make, use, and test it. [1] Use that here. Make the tool work clear so a person can check it.
- What did you ask the tool?
- What files did it read?
- What file backs each point?
- What could it not check?
Know what a public file can show
A US Form D tells the SEC of an exempt sale. It is not a full firm file. The SEC says a firm must file it within 15 days of the first sale. [2]
A Form D is on EDGAR once filed. If the sale goes on for more than 12 months, it needs a yearly amendment. Some changes need one too. [3]
Check the legal name, day, and sale facts in the form. Then match them to firm files.
Do not use one form to guess cash, all share owners, or if a deal is good. Write what the form can show. Write what you still need to see.
- Legal name and address.
- File and change dates.
- Sale facts in the form.
- Points still to check in firm files.
Fix clashes before you rank a deal
If two files clash, do not blend them. Put both sums, dates, and source names in the log. Say what you need to ask the firm.
A late file can still be right. Two teams may use words in a different way. Ask how they got the sum, which date it covers, and for the first file.
Put one person in charge of each open point. A tool can sort proof. It cannot say if a clash shifts worth, legal risk, or fit with your deal plan.
- Clear: source and check match.
- Open: a source is gone or not clear.
- Clash: two sources do not match.
- Raise it: the point may change the deal.
FAQ
Frequently asked questions
Is an AI firm note a source?
No. It is a short note. Use it to find files. Keep the files it names and check the claim in the first source.
Does Form D show that a US round is good?
No. Form D tells of an exempt sale. It is filed after the first sale and is on EDGAR. It does not take the place of firm files or your own checks. [2] [3]
Can a public firm list show who owns all shares?
Most times, no. Use it to check facts. Companies House says register data can have errors at times. Match it with share files and signed board OKs. [4]
What goes in the source log?
Keep the claim, first source, exact place, dates, name of the checker, AI run facts, clash note, and next step. Keep facts and views apart.
When should you raise a finding?
Raise a clash that may change who the firm is, who has shares, cash, client rights, data safety, or legal risk. Get expert help when you need it.
REF
Sources
- 1
National Institute of Standards and Technology
AI Risk Management Framework ↗ - 2
U.S. Securities and Exchange Commission
Filing a Form D Notice ↗ - 3
U.S. Securities and Exchange Commission
What is Form D? ↗ - 4
Companies House, GOV.UK
Searching the Companies House register ↗ - 5
Companies House
Search the register ↗