Buttigieg Worries Tech May Add Racial Bias to Credit Decisions
- Democratic candidate speaks at Black Economic Alliance forum
- Sees risk that algorithms, big data ‘automate inequalilty’
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Pete Buttigieg said the way credit scoring is done in the U.S. is fraught with inequality and he’s worried the process may get worse with systems based on artificial intelligence.
Buttigieg, a Democratic presidential candidate, was responding to a black business owner who asked about the denial of capital to African Americans during the Black Economic Alliance Forum held jointly with Black Entertainment Television in Charleston, South Carolina. The event, held Saturday, will be broadcast Sunday on BET.