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Fed’s Barr Says AI Risks Amplifying Bias and Errors in Lending

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July 18, 2023, 2:38 p.m. | Katanga Johnson

Bloomberg Technology bloomberg.com

The top US bank regulator says that lenders need to ensure that artificial intelligence tools don’t perpetuate biases and discrimination in credit decisions.

ai risks artificial artificial intelligence bank bias biases credit decisions discrimination errors fed intelligence lending regulator risks tools

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