A warning on artificial intelligence

Artificial intelligence has insinuated its way into our daily lives, whether we are aware. From opening our smartphones with facial recognition, to travel and commuting assistance, to personalizing our feeds on social media, AI is with us from dawn to dusk and beyond. But, there is a concerning new use for AI on the horizon. AI and machine learning could be tapped by the lending industry in making loan decisions. It's a prospect that has sparked warnings from consumer advocates, pundits and even banks.