WASHINGTON — The question of whether an algorithm making underwriting decisions can be racially biased has long gnawed at lenders fearful of inadvertently running afoul of consumer protection laws. Now, the question has sparked interest from Congress.
Read MoreArtificially intelligent robots and devices are being taught to be racist, sexist and otherwise prejudiced by learning from humans, according to new research.
A massive study of millions of words online looked at how closely different terms were to each other in the text – the same way that automatic translators use “machine learning” to establish what language means.
Some of the results were stunning.
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