(Reuters) – U.S. officials on Friday warned financial institutions and others that the use of artificial intelligence (AI) could increase the risk of stigma and civil rights violations, citing such discrimination. to crack down on the market.
Officials such as the Consumer Financial Protection Agency, the Department of Justice’s Civil Rights Division, and the Federal Trade Commission say that increasing reliance on automated systems in areas such as lending, employment, and housing will increase the risk of race, disability, and other factors. It said discrimination based on
The growing popularity of AI tools, including Open AI’s ChatGPT, backed by Microsoft Corp (MSFT.O), has prompted US and European regulators to step up scrutiny of the use of AI tools and to regulate the technology. There are growing calls for new laws in
Federal Trade Commission Chairman Rina Khan told reporters, “Claims of technological innovation should not cover violations of the law.”
The Director of the Consumer Financial Protection Bureau, Rohit Chopra, said he was trying to reach out to whistleblowers in the tech industry to determine where new technology would run afoul of civil rights law.
In finance, businesses are legally required to account for adverse credit decisions. According to Chopra, if companies don’t even understand the reasons for the decisions AI makes, it can’t be used legally.
“What we’re talking about here is often using massive amounts of data and developing correlations and other analytics to generate content and make decisions,” Chopra said. said. “What we are saying here is that you are responsible for those decisions.”
Reported by Chris Prentiss
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