Allow Artificial Intelligence to Supplement Decisions, Not Make Them
"Until we work through a lot of these things, it has to be that we use a model that informs the human being who has the final say," Anish Bhimani, chief information officer for commercial banking at JPMorgan Chase, said at a panel event Wednesday in Philadelphia.
March 04, 2020 at 04:33 PM
3 minute read
Using artificial intelligence to help inform decisions rather than to make decisions in place of people is the best way to comply with a patchwork of state laws surrounding the use of data and artificial intelligence, a panel said at JPMorgan Chase's Optimization and the Path to Innovation event Wednesday in Philadelphia.
For artificial intelligence and machine learning technology to properly work, there needs to be a large amount of diverse data plugged into it. However, the data plugged into the machines may be biased and new data privacy laws coming from the different states are beginning to impact how artificial intelligence is used.
"The biggest challenge is staying on top of what is happening in the U.S.," Tess Blair, a partner at Morgan, Lewis & Bockius in Philadelphia, said.
While the California Consumer Privacy Act has been getting a lot of attention, Blair explained bills governing data privacy are being considered in Nevada, Illinois, Maine and Washington. Earlier this year Illinois' Artificial Intelligence Video Interview Act went into effect. The law requires employers to inform prospective employees if artificial intelligence will be used during the interview process. Legislators in New York City and in New York state have introduced similar bills.
"We're down to that level of granularity here," Blair said.
Some companies have been using artificial intelligence to score prospective candidates during interviews based on facial expression and tone. However, critics of that use of artificial intelligence have argued that the machines are biased.
"There are examples that I've heard of where there is clearly bias built into these things," said Marc Lederman, co-founder and general partner of NewSpring Capital in Radnor, Pennsylvania. "It is unintentional bias in many cases because people built these programs based on their view of the world."
Outside of the hiring processes, the panel said artificial intelligence technology should be used to supplement information. Blair said companies are at a greater risk of running afoul of regulators if they rely too heavily on machine learning.
"Until we work through a lot of these things, it has to be that we use a model that informs the human being who has the final say," Anish Bhimani, chief information officer for commercial banking at JPMorgan Chase, said.
Before beginning to use data for artificial intelligence purposes, Blair told the crowd that companies and their counsel should be looking at the life cycle of data they collect in three ways: data acquisition, security and sharing.
"Depending on what industry you're in, you need to have all of that in place before you do anything with the data," Blair said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllNewly Public Biotech Startup Hires Life Sciences Veteran as GC
Step 1 for Successful Negotiators: Believe in Yourself
Jenner & Block Energy Practice Leader Joins Renewable-Power Giant Constellation as GC
Law Firms Mentioned
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250