Rise of the racist robots prompts artificial intelligence upgrades

Businesses seeking to cut costs and satisfy consumer demands for lightning-fast service are increasingly replacing people with machines in every part of the supply chain. But regulators are becoming concerned that relying on artificial intelligence could undo decades of work put into making sure consumers are treated fairly regardless of their race or gender. Financial institutions have become the latest target in a wider crackdown on discrimination in artificial intelligence after the Bank of England launched a campaign to make sure new technologies don't restrict lending to ethinic minorities. The Bank's deputy governor David Ramsden held an industry roundtable with Mastercard, Visa, Capital One, Starling Bank, Experian, and others in October 2021 to discuss the ethics of artificial intelligence. Ramsden warned attendees about the elimination of "human judgement and oversight" in decisions.