'Fair' AI could help redress bias against Black US homebuyers

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Pioneering reparations programmes meant to address decades of US housing discrimination against Black homebuyers could get a boost from AI decision making

In the Boston area, the estimated median net worth of white households was $247,500 compared with $8 for Black ones in 2015could guide reparations programmes created to redress decades of US housing discrimination against Black homebuyers.

By examining the first US housing reparations programme, researchers have shown that algorithms can suggest how large the monetary support provided by such programmes for an area needs to be in order to improve Black people’s chances of getting a favourable loan to buy a home.App + Web

 

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“The Digital Face of White Supremacy” headline incoming!

so could greedy (for money) AI, for the prediction markets (such as, chance a debt will be repaid). If racism makes it take a higher risk for less profit, then racism is against that goal function. Is it fairness or greed that solves that?

The Uyghers can tell you all about the use of AI to manage society.

Who writes the code? SPOILER ALERT - Not Black house buyers.

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