Viewing a single comment thread. View all comments

Obiwan_ca_blowme t1_irc26rj wrote

So basically, AI must protect racial and sexual minorities, but it is fair game to turn it lose in the hands of hedge funds and the like? Brilliant!

Also, I am curious; what if AI tracks crime to project future crimes and realizes that blacks commit a disproportionate amount of crime? Will the Government try to skew the data? Or how the data is collected? Will it mandate that we write in a weighted system based upon race?

3

austacious t1_irc86vu wrote

I'm not sure if you're aware, but this has actually happened

The TLDR is it drew major backlash from news orgs and the ACLU. Argument being that since number of arrests were included in the feature set, the model would reflect existing police biases. Kinda hard to build a crime prediction model without historical arrest data, though.

3

Denziloe t1_ireh0ru wrote

Very unclear why hedge funds shouldn't be allowed to use AI or what relevance this has to AI bias.

0

Obiwan_ca_blowme t1_irej08e wrote

Joe random places his money in a 401k like he is supposed to. Hedge funds get a hold of AI that can exploit the market in ways that Joe can’t. AI knows that a lot of portfolios have circuit-breakers built in so that the investors don’t lose too much money.

Amoral AI finds a lightly stressed fund and exploits the circuit-breaker feature to crash the fund. Then they sink a ton of money into that fund and raise the price back up. Now joe is out of that fund and AI has made a ton of money for the hedge.

And make no mistake, we are talking whale accounts in this fund. Not mom and pop accounts.

Or AI astroturfs social media and news to pump and dump a stock. Now joe is a bag holder.

Or worse, something we can’t even think of yet.

It has nothing to do with bias directly. But being obtuse to setting limits to AI and not including things that financially affect people is silly.

3