Artificial intelligence (AI) has transformed the way we live our everyday lives but tech experts this week warned members of Congress that the systems can have bias, which can lead to unintended consequences for millions of Americans.
“AI is increasingly becoming a critical part of our daily lives,” said Miriam Vogel, President and CEO of EqualAI. “We think each touch point is also an opportunity to identify and eliminate harmful biases.”
Bias in AI systems can be especially harmful in financial services.
“For example, if you feed in data on who’s gotten a mortgage in the past in the United States and ask the computer to make similar decisions in the future, you will get an AI that offers more mortgages to white people than people of color,” said Meredith Broussard, an Associate Professor at New York University.
Tech experts said AI systems need to be routinely monitored to better identify potential bias.
“AI needs to be…