via Singularity Hub
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.
The Latest Updates from Bing News & Google News
Go deeper with Bing News on:
AI bias
- Generational trauma is shaping AI: How leaders can create a better future
It’s time to acknowledge the disquieting possibility that AI may inadvertently continue the cycles of generational bias and could even amplify them.
- Quality data set needed to reduce AI's recruitment bias
Having a "quality data set" is a critical element in reducing bias during recruitment, especially as more organisations utilise AI in the hiring process. The use of AI in recruitment has yielded great ...
- Kislaya Prasad : AI is moving fast; AI regulation needs to catch up
Artificial intelligence is already affecting our lives in many positive ways, automating tasks, helping to diagnose medical issues and acting as a voice-controlled virtual assistant for many. Still, ...
- Meta AI is obsessed with turbans when generating images of Indian men
Bias in AI image generators is a well-studied and well-reported phenomenon, but consumer tools continue to exhibit glaring cultural biases. The latest culprit in this area is Meta’s AI chatbot, which, ...
- Does AI Have Cultural Biases? Expert Says Yes
Since its rapid rise, AI has continuously raised concerns about its potential cultural biases, particularly when OpenAI's ChatGPT became popular in 2022. But does AI have tendencies to be culturally ...
Go deeper with Google Headlines on:
AI bias
[google_news title=”” keyword=”AI bias” num_posts=”5″ blurb_length=”0″ show_thumb=”left”]
Go deeper with Bing News on:
Artificial intelligence ethics
- A university creates an artificial intelligence institute, partly to help government
The University of Maryland has launched of a new institute dedicated to developing the next generation of artificial intelligence people.
- IREX.ai at Earthx 2024: Calvin Yadav's Vision for Ethical AI
Led by the visionary Calvin Yadav, IREX.ai's Ethical AI Platform was of discussion during Earthx 2024, generating interest about the responsible use of artificial intelligence in surveillance. Calvin ...
- Implementing ethical AI for FIs
While AI offers significant benefits to the financial sector, such as personalised customer experiences or optimised risk management, it also poses ethical risks. This becomes particularly clear when ...
- A physicists’ guide to the ethics of artificial intelligence
After finishing her PhD, Thais pivoted to studying the ethical implications of artificial intelligence in science and in society. Such work often focuses on direct impacts on people, which can seem ...
- Some Legal Ethics Quandaries on Use of AI, the Duty of Competence, and AI Practice as a Legal Specialty
This blog considers some of the ethical issues of competence that arise when a lawyer or law firm uses generative AI to assist in rendering services. Prior to the advent of artificial intelligence, ...
Go deeper with Google Headlines on:
Artificial intelligence ethics
[google_news title=”” keyword=”artificial intelligence ethics” num_posts=”5″ blurb_length=”0″ show_thumb=”left”]
