Understanding AI Liability and Corporate Responsibility in the Age of Automation
Imagine your company is developing a cutting-edge AI system to automate loan approvals for a major bank. The system analyzes a vast amount of data points, including income, credit history, and even social media activity, to determine creditworthiness. This promises faster processing and potentially fairer outcomes compared to traditional methods. During testing, you discover a troubling trend. The AI system seems to be disproportionately denying loans to applicants in certain zip codes.
Paula Cristea - 1 May 2024