The Colorado Division of Insurance (CDI) has adopted a new regulation to prevent life insurers that rely on models and ECDIS from engaging in race-based discrimination. Life insurance regulators have been grappling for several years with the potential risks and benefits of insurers using AI and the significant external data sources utilized by AI in underwriting. The technology used raises regulatory questions, including concerns that its use could cause unfair discrimination. Several insurance regulators have also expressed concern that external data sources used by AI and other algorithms could contribute
President Joe Biden has signed the first-ever AI Executive Order (EO), establishing new standards for AI safety and security. The EO aims to protect Americans’ privacy, advance equity and civil rights, and stand up for consumers and workers while promoting the US’ position as a leader in AI. This includes making it easier for AI experts and highly skilled professionals from other countries to migrate to the US. Streamlining Immigration for AI experts Included in the EO is a set of directives designed to boost the ability of immigrants with
Fei-Fei Li, the Stanford professor dubbed the “godmother of AI,” recently urged President Biden to aggressively fund more AI research and public projects. Unlike many of her industry peers, Li does not fear AI’s existential risks. Instead, she told Bloomberg it’s better to address the issues right here and right now before they escalate. The ‘godmother’ of AI Fei-Fei Li is a computer scientist, AI Researcher, professor at Stanford University, and Author of “The Worlds I See.” After moving from China to New Jersey at the age of 15, she
Some of the most high-profile AI chatbots generate responses that perpetuate false or debunked medical information about Black people, a new study has found. While large language models (LLMs) are being integrated into healthcare systems, these models may advance harmful, inaccurate race-based medicine. Perpetuating debunked race myths A study by some Stanford School of Medicine doctors assessed whether four AI chatbots responded with race-based medicine or misconceptions around race. They looked at OpenAI’s ChatGPT, OpenAI’s GPT-4, Google’s Bard, and Anthropic’s Claude. All four models used debunked race-based information when asked
Latimer, named after African-American inventor Lewis Latimer, is a new platform trying to make generative AI more inclusive. Nicknamed the Black GPT, Latimer is a new large language model (LLM) built to reflect the experience, culture, and history of Black and brown people more accurately. The platform recently announced new partnerships with Historically Black Colleges and Universities (HBCUs) to help bring the inclusive tool to students, agencies, brands, and the general public. Tackling racial bias and erasure Many generative AI models amplify the bias, inaccuracy, and erasure of Black and
The PGA Tour, the world’s premier membership organization for touring professional golfers, posted AI-generated headshots of their players on Instagram. While the white players appeared against gray neutral backdrops, the players of color appeared against “rugged” and delipidated backdrops, reigniting concerns over racial bias. What Happened? The PGA Tour released 12 images of players on Instagram, with the caption: “We asked AI to expand our player’s headshots… Here’s what happened.” The photos included 10 white players and 2 players of color, Tony Finau and Collin Morikawa. Finau is of Tongan
According to The Information, Meta is paying creators such as Snoop Dogg millions for AI chatbots, with the top creator making as much as $5 million over two years for six hours of work in a studio. During Meta’s Connect event in September, Mark Zuckerberg announced that Meta will be integrating new AI assistants across its social media platforms that can have human-like conversations. While the company has its own AI chatbot similar to ChatGPT, it has now introduced 28 new ones with different personalities that use celebrities’ images. These
Global payments giant Visa is partnering with the UK government’s Department for Science, Innovation and Technology (DSIT) to co-fund data science and AI scholarships for students from underrepresented backgrounds. The partnership stems from the UK’s National AI Strategy, which set out a vision to strengthen the UK’s position as an AI and science superpower over the coming decade. The Launch of Visa’s AI Scholarships The partnership aims to increase diversity in the technology sector, assisting women, Black students, disabled students, and those from lower socioeconomic backgrounds. Visa said the scheme
Big Tech companies are being probed about the treatment of their “ghost workers” by Democratic lawmakers. Ghost work refers to the undervalued, underpaid, and undersupported human labor utilized to develop and maintain the automation of websites and apps. This work is often outsourced, hidden, or rendered invisible by the tech companies who request it. With the rise of generative AI, this work often includes training and improving algorithms. According to Just Tech, ghost workers are usually vulnerable people from Asia, Latin America and Africa who are being paid less than
San Francisco-based startup Writer Inc., a generative AI platform for corporate content, has raised $100 million. Using AI to write content Writer is a generative AI startup that uses its large language models (LLMS) to let enterprises and their employees write and edit content. This may include emails, documents, and ads adhering to a company’s editorial guidelines. With the name “Writer”, the startup only produces text, removing the operation of visual content such as images and videos. Founders May Habib from Lebanon and Wassem Alshikh from Syria used their personal
