Why are so many scummy, scammy AI companies thriving?

Did you know Neural is taking the stage this fall? Together with an amazing line-up of experts, we will explore the future of AI during TNW Conference 2021. After about the fifth or sixth time you read an article about a Black man being wrongfully arrested due to faulty facial recognition AI, you start to wonder how nobody seems to be doing anything to stop this from happening. Sure, whenever something goes wrong, the company behind the software is always working to improve results and the law enforcement agency using the software is always reviewing procedures to ensure this doesn't happen again. It seems like a day doesn't go by where a law enforcement agency isn't exposed for misusing facial recognition or predictive-policing systems.