Big Tech Wants To Compete With Banks Let Them Deal With Ai Ethics First
But, while these technologies could help big tech gain an advantage in countering the ever evolving threat from cybercriminals, detecting fraud, and automating processes like loan applications and credit checks, AI ethics could also become one of its biggest challenges. Much like deeply flawed police profiling tools, biased AI algorithms can also skew results. For instance, in 2019, the algorithm used by Apple Card was found to be biased against women after determining the “creditworthiness” of applicants....