House Hearing On Artificial Intelligence And Race - AI Summary

A House Financial Services Committee task force met virtually to discuss whether artificial intelligence could address systemic racism in housing and financial services. Several members spoke to the innovation of AI technology but warned about the bias and discriminatory practices in the housing, education, and financial sectors. Rep. Ayanna Pressley (D-MA) spoke out on how some AI lending companies have participated in what she called "educational redlining" and unfairly charged students attending Historically Black Colleges and Universities (HBCUs) higher interest rates for loans.