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Researchers from the University of Warwick, Imperial College London, EPFL (Lausanne) and Sciteb Ltd have found a mathematical means of helping regulators and business manage and police Artificial Intelligence systems’ biases towards making unethical, and potentially very costly and damaging commercial choices – an ethical eye on AI.
Artificial intelligence (AI) is increasingly deployed in commercial situations. Consider for example using AI to set prices of insurance products to be sold to a particular customer. There are legitimate reasons for setting different prices for different people, but it may also be profitable to ‘game’ their psychology or willingness to shop around.
The AI has a vast number of potential strategies to choose from, but some are unethical and will incur not just moral cost but a significant potential economic penalty as stakeholders will apply some penalty if they find that such a strategy has been used – regulators may levy significant fines of billions of Dollars, Pounds or Euros and customers may boycott you – or both.
Mathematicians and statisticians from University of Warwick, Imperial, EPFL and Sciteb Ltd have come together to help business and regulators creating a new “Unethical Optimization Principle” and provide a simple formula to estimate its impact.
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