Racist Robots? How AI bias may put financial firms at risk

Through a case study of mortgage applications, this article shows how bias might be introduced to AI systems by either bias within historical data, and/or inherent biases of AI programmers and employers. This article gives reasons why this presents a risk to businesses in terms of missing out on customers (refusing credit to creditworthy people) […]

AI Perpetuating Human Bias in the Lending Space

person holding out a handful of coins

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.

Google logo on a building

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. […]

Amazon scraps AI recruiting tool showing bias against women

man talking

In 2018, Amazon’s use of AI for hiring was discovered to favour male job candidates, because its algorithms had been trained on 10 years’ worth of internal data that heavily skewed male. The algorithm was trained, in effect, to believe that male candidates were better than female candidates.

This tech startup uses AI to eliminate all hiring biases

line up of people in work clothes with no heads visible

This video argues that hiring is largely analogue and broken. This leads to major problems such as inefficiency, ineffectiveness (50% of first-year hires fail), poor candidate experience, and lack of diversity. The hiring process is plagued by gender bias, age bias, socioeconomic bias, and racial bias. Pymetrics intentionally audits algorithms to weed out unconscious human […]

PwC facial recognition tool criticised for home working privacy invasion

pwc logo

PwC has come under fire for the development of a facial recognition tool that logs when employees are absent from their computer screens while they work from home. As it is known that image recognition works better for white males than for other parts of the population, would non-white employees be penalised by the tool […]