Friday, November 22, 2024
8.7 C
New York

How two founders approach building ethical AI startups in health care

The speed at which AI companies are evolving is making a lot of people nervous. That’s because moving fast could lead to potential ethical issues that aren’t able to be addressed.

Building ethical algorithms takes time. Models that were built quickly are more likely to have ingrained bias while lacking the necessary guardrails in place to keep them from causing unnecessary damage. If done in haste, or done poorly, AI models have the potential to cause real harm in certain sensitive industries, such as health care.

But, of course, many of the worries center around new founders riding into the space on the hype train as opposed to the numerous entrepreneurs who started building models with care years before the current market dynamics.

Amy Brown, the founder and CEO of Authenticx, a startup that helps health care companies gain insights from their customer call center data using AI, said on TechCrunch’s Found podcast that those looking to build AI algorithms should recognize the potential negative consequences of models being built incorrectly.

source

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img