Artificial Intent: AI On The Trading Floor

Law360 (January 23, 2019, 1:21 PM EST) -- Kara Stein, a departing member of the U.S. Securities and Exchange Commission, recently posed the question, “How do you regulate algorithms?”[1] The authors of a recent Harvard Business Review article advocated for the auditing of algorithmic decision-making and artificial intelligence, or AI, technologies, fearing potential “serious problems” associated with further introduction and development of those technologies.[2]

In the same vein, Microsoft recently began developing tools to help engineers identify unintended bias in algorithms, after machine learning, or ML, algorithms to predict whether defendants are likely to commit crimes in the future and facial recognition software were found to have “algorithmic bias.”[3]...

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