Algorithms and bias: What lenders need to know

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Explains (from a US perspective) how the development of machine learning and algorithms has left financial services at risk of exacerbating biases. Using the example of lending, the article explains how algorithms incorporate biases into our systems, and what organisations can do to limit risk, particularly from a legal perspective.

AI Perpetuating Human Bias in the Lending Space

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There is data which predicts that the introduction of AI into the financial system will bring with it increased racial bias and discrimination. Through a case study of mortgage applications, this article shows how bias might be introduced to AI systems by either 1. bias within historical data, and 2. inherent biases of AI programmers […]

Google hired Timnit Gebru to be an outspoken critic of unethical AI. Then she was fired for it.

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This article argues that leading AI ethics researchers, such as Timnit Gebru, are often promised total academic freedom when recruited or interviewed for in-house roles at technology companies. However, internal roadblocks, lack of employee diversity, and hierarchical issues limit the impact of this research which aims to promote equity, fairness, and accountability in AI products. […]

How to use AI hiring tools to reduce bias in recruiting

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Commercial AI recruitment systems cannot always be trusted to be effective in doing what the vendors say they do. The technical capabilities this type of software offers could be exaggerated. For some of these tools, the statistical bar is low and the correlations they draw just have to be, on average, a bit better than […]

Using AI to eliminate bias from hiring

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Many current AI tools for recruiting have flaws, but they can be addressed. The beauty of AI is that we can design it to meet certain beneficial specifications. A movement among AI practitioners like OpenAI and the Future of Life Institute is already putting forth a set of design principles for making AI ethical and […]

Rights group files federal complaint against AI-hiring firm HireVue, citing ‘unfair and deceptive’ practices

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HireVue’s “AI-driven assessments,” which more than 100 employers have used on over one million job candidates, use video interviews to analyse hundreds of thousands of data points related to a person’s speaking voice, word selection and facial movements. The system then creates a computer-generated estimate of the candidates’ skills and behaviours and potential fit for […]