
Will biased AI ruin everything?
Key Takeaways
- Generative AI tools are reshaping industries, but embedded biases threaten their credibility, necessitating ethical and explainable AI for fairness and transparency.
- A global AI price race may compromise focus on ethical issues, raising concerns about bias regulation and its impact on decision-making.
Study highlights need for ethical AI amidst global price race
As generative
“With international players like DeepSeek and Alibaba releasing platforms that are either free or much less expensive, there is going to be a global AI price race,” Kumar said in a statement. “When price is the priority, will there still be a focus on ethical issues and regulations around bias? Or, since there are now international companies involved, will there be a push for more rapid regulation? We hope it’s the latter, but we will have to wait and see.”
The study points to research indicating that nearly a third of surveyed individuals believe they have lost opportunities—such as jobs or financial prospects—due to biased AI algorithms. While AI developers have made progress in reducing explicit biases, Kumar warns that implicit biases remain deeply ingrained and more difficult to detect.
“As these LLMs play a bigger role in society, specifically in finance, marketing, human relations and even health care, they must align with human preferences. Otherwise, they could lead to biased outcomes and unfair decisions,” he said. “Biased models in health care can lead to inequities in patient care; biased recruitment algorithms could favor one gender or race over another; or biased advertising models may perpetuate stereotypes.”
To combat these risks, Kumar and his co-authors advocate for proactive technical and organizational solutions to monitor and mitigate
“This industry is moving very fast, so there is going to be a lot of tension between stakeholders with differing objectives,” Kumar said. “Finding the sweet spot across different business domains and different regional regulations will be the key to success.”
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