Agree - it's a useful tool but it's impact (other than costing a lot of companies a lot of money) is overblownI just get more skeptical and irritated about AI every day personally.
Sounds like the AI could not "show your work".Related to that, in the mid 2010s I worked for a business that had way more vision than the regulators would allow. We used AI to evaluate an individual's bank account (only if they allowed us to do so) to generate a risk profile that would effectively set their personal limit for online gambling.
That meant that we could evaluate someone who was spending (say) £400 a month out of a £4,000 income across multiple betting sites (prob. low risk) vs someone who spent £200 a month from a £700 pension (prob. high risk).
But the FCA & Gambling Commission at the time wouldn't let us bring this to market because AI is non-deterministic, and doesn't provide a decision tree to back up an assessment.
I and the company I worked for really believed that this would be a social benefit, but regulation didn't understand it then and still doesn't.
these days I guess you could make the AI show a decision tree.Sounds like the AI could not "show your work".
I think the regulators where right in this case.
Condemning someone without justifiable cause is not right.
If you were "blacklisted" by the AI program, how could you defend yourself and plead your case for re-instatement ?
