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Knowledge check

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Choose the best response for each of the questions. Then select “Check your answers.”

Check your knowledge

1.

An expert suggests using a pool of training data that has been gathered from observations of human workers performing tasks and making decisions. What is an unintended consequence that must be anticipated?

The transparent nature of AI results in decreased intelligibility concerning performance-based decision making.

AI can replicate human biases and prejudices that result in the unfair treatment of people of a particular race or gender.

AI has no level of accountability; thus, poor qualitative decisions can occur without any sense of recourse.

2.

Why is explainability such an important aspect of responsible AI in the financial services industry?

Explainability increases a customer's product usage.

Financial service institutions are more likely to identify mistakes made by AI if they can articulate how it's operating.

Many customers are concerned with the risks of AI or feel that it’s advancing too quickly, and they don’t understand the potential risks.

3.

An engineering team wants to develop a new tool that lets users convert their facial expressions into an animated creature. Before they launch their tool, they plan on testing it extensively with users from around the world. Which guiding principle(s) is/are most relevant?

Fairness and inclusivity.

Reliability and safety.

Privacy and security.

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