The auditors themselves also don’t have a clear reason to be as critical as necessary—especially if the company they’re auditing is the one writing the check. It’s a mistake to assume that analyzing algorithms is a purely mathematical process with an objectively correct answer—there are countless subjective choices in each specific audit. These choices can easily tip an audit towards a favorable view of the client. If there isn’t a market incentive or governmental backstop to prevent that, this will happen far more often than it should, and algorithmic auditing won’t be as effective. … [Read more...] about Independent auditors are struggling to hold AI companies accountable
January releases on netflix 2018
Credit Karma weighs in on why its scores are different after viral Twitter discussions
Moreover, different scores are generated using different scoring models. Credit Karma scores use models from VantageScore, which is not as widely used as the market dominant FICO. This is not to say that the score you receive from Credit Karma is inaccurate, but it might very well be different from the score a lender would actually use to assess your creditworthiness. As CNBC reported, it’s not uncommon for consumers to receive a higher score from a service that provides free scores only to be shocked to learn that their FICO score is lower than they expected. … [Read more...] about Credit Karma weighs in on why its scores are different after viral Twitter discussions