May 11, 2021

Artificial Intelligence in financial decisions

In the second experiment, the participants acted as potential investors who sent funds to an administrator, in this case Artificial Intelligence. She read the amount and returned the amount so that each participant would later decide how much to invest.

However, the study was conducted in two ways. In the first, AI aimed to maximize its profits, while in the other, to create a fair distribution of money between itself and a human investor. In the experiment, AI was successful in both forms.

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So, what can we expect?
With these results, we cannot help thinking that some institutions could use this type of technology to profit or stand out in the market, as there are still many ethical issues on the agenda when it comes to the use of Artificial Intelligence.

Timnit Gebru
Dr. Timnit Gebru

A great example of this is the case of Timnit Gebru , an expert in ethics of Artificial Intelligence, who in 2018 revealed a major flaw in facial recognition software that was more likely to mistakenly identify black women and people, thus showing prejudice sublime from its developers.

On the other hand, the experiment also highlights the great potential that an Artificial Intelligence has to help humanity to make good decisions, even financial ones.

In addition, in some specific cases, it is possible that the use of artificial intelligence in human decisions is not only good, but practically necessary if we want to live in a better world.

Posted by: Jack prabha at 02:47 PM | No Comments | Add Comment
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