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With ChatGPT and its cousins flourishing and fleshing out our imaginations of what AI can do, there is more open scrutiny about the ethics and definitions of AI. We will be looking to talk more about this in the coming months, but in the meantime, we wanted to revisit an episode that seems even more relevant now. AI has a ‘black box’ issue and the lack of understanding about how such systems work can raise concerns about opacity, unfair discrimination, ethics and threats to individual privacy and autonomy. Would it be fair/acceptable if in the future AI used your digital identity and social media posts and decided you have very expensive habits and are thus unlikely to repay your debts? The new AI regulation proposed in the EU aims to address these issues by requesting processes to build, audit and safeguard AI systems. We spoke with Ismini Psychoula, Research Scientist at the OneSpann Innovation Center, about the principles behind the new regulations, and how to ensure trustworthiness and fairness in financial services.

Guests:
Ismini Psychoula, Research Scientist, OneSpan Innovation Centre APRIL- Autonomous Podcasting Robotic Intelligent Lifeform

Host:
Sanjib Kalita, Editor-in-Chief, Money20/20

Rachel Morrissey, Executive Producer of The MoneyPot, Money20/20

Producers:
Rachel Morrissey, Executive Producer of The MoneyPot, Money20/20