AI technologies often pivot towards heavy reliance on data analytics and machine learning to CREATE INFERENCES about user behaviors. For instance, AI-powered systems used for surveillance could gather information about where you go, whom you interact with, and even your spending habits. Take the example of financial institutions that have begun leveraging AI for loan approvalsâthese systems analyze everything from transaction history to social media activity.
While this can lead to faster loan approval or customization of financial products, it can also lead to unfair treatment of certain groups, especially if the datasets used to train these AI systems are biased. This sort of discrimination isn't purely speculative; misuse of AI surveillance tools for targeted marketing rather than improving services has led to public disgruntlement.
According to the
AI Ethics Summit, regulating these systems to alleviate concerns about slash-and-burn consumer privacy is desperately needed. When AI programs inadvertently lead to adverse outcomes like false identifications or biased credit scoring due to
faulty algorithms, trust in these systems erodes. And this is where
transparency becomes a critical factor.