AI can mitigate bias against women in loan decisions and boost lenders' profits and reputations

Recent research from the University of Bath shows discrimination against women worsens if Artificial Intelligence (AI) is used by lenders for loans, but that ethical lenders could choose to tweak the AI algorithms to address this bias and still improve their profits as well as their brand reputation.

source https://phys.org/news/2024-08-ai-mitigate-bias-women-loan.html