Among the job cuts, approximately 3,900 individuals lost their jobs due to AI advancements. This marks the first recorded instance of AI directly impacting employment. These AI-related layoffs accounted for about 4.9% of all job cuts in May.
Artificial intelligence:Challenging the status quo
Getting the regulation of artificial intelligence right is one of the most urgent problems facing our species, and also one of the most delicate.
It also has the potential to damage us profoundly; in one survey of AI researchers, 48 percent thought that there was at least a 10 percent chance that its impact would be "extremely bad," that is, lead to human extinction.
Algorithms, artificial intelligence, and fairness in home appraisals | Consumer Financial ...
Today, the CFPB is taking another step toward accountability for automated systems and models, sometimes marketed as artificial intelligence (AI). The CFPB is proposing a rule to make home appraisals computed by algorithms fairer and more accurate.
Algorithmic appraisals that use so-called automated valuation models can be used as a check on a human appraiser or in place of an appraisal.
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