Apple Card: Did AI Run Amok?

  • “Yes, when it comes to sophisticated algorithms and AI (Artificial Intelligence), even some of the world’s most valuable companies can get things wrong. What’s interesting is that one of the selling points of the Apple Card was that it would provide credit to those with little or no credit histories
  • ‘Here’s the thing most people don’t understand: Certain kinds of advanced algorithms, machine-learning algorithms, need a lot of data to train on in order to make predictions. We turn to the past to find that data. But if you’re not careful, the algorithms learn the mistakes of the past. In this case, that would be gender bias. Algorithms that learn from history are doomed to repeat it. That’s the great irony. You have to really work to correct for the mistakes of the past. In life and in algorithms.'”

https://www.google.com/amp/s/www.forbes.com/sites/tomtaulli/2019/11/11/apple-card–did-ai-run-amok/amp/

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