Re:Who Should Stop Unethical A.I.?
by refenestrator on Monday February 15, 2021 @05:25PM
(#26148356)
But the underlying situation is biased. The data could be both accurate and unfair.
Is it, just don't do data, same interest rate for everyone, no denials and amortize defaults across higher rates for lower-risk borrowers?
You'd need a law, the first bank to do that would be crushed by other banks that can attract the lower-risk borrowers with lower rates.
> You'd need a law, the first bank to do that would be crushed by other banks that can attract the lower-risk borrowers with lower rates.
Curious. Is your answer to the title "we need laws to regulate AI?" I'm not specifically agreeing or disagreeing.
Re:Who Should Stop Unethical A.I.?
by refenestrator on Monday February 15, 2021 @09:37PM
(#26150303)
I'm just talking about the bank loan thing. If you want all people to have access to bank loans on equal terms regardless of income or other signals, you'd have to enforce that with a law.
AI shouldn't take the blame. Blame the folks collecting biased data, or those making biased decisions encoded in the data. The data is known to be tainted. Blame those using that data to train models, and sell/rent/apply those models for profit. Blame the researchers who know, or should know, better but make breathless claims about how their AI can be used without regard for the impact if people follow their advice