Democrats honed in on the chance of discrimination by AI instruments at a House Monetary Companies listening to Tuesday, quizzing witnesses about the right way to shield shoppers in the monetary and housing industries.
Rating member Maxine Waters (D-Calif.) stated she wished to guarantee that AI instruments are developed with the most effective curiosity of the patron in thoughts, mentioning that folks of colour on the lookout for mortgage loans “have been denied or overcharged considerably because of discriminatory algorithms.”
“As corporations forge forward with AI, it’s extra essential than ever that this committee and Congress not solely proceed this type of …