Advancements In Technology: Fighting Discrimination In AI

As mortgage lenders work to improve efficiencies using artificial intelligence, the concept that large language models could lead to discrimination against Black borrowers is concerning. But researchers say preventing bias is surprisingly easy.

Editor Kimberley Haas spoke with Donald Bowen, an assistant professor of finance at the College of Business at Lehigh University. He talked about a recent audit study they conducted which examined loan approval and interest rate decisions suggested by large language models. 

It showed that racial differences can be moderated through prompt engineering.