Balancing AI's data capture benefits and privacy concerns requires transparency and consumer education, with clear opt-in options.
RISKS
AI systems can perpetuate societal biases, leading to discrimination, necessitating the development of unbiased algorithms.
AI enhances daily life with virtual assistants, self-driving cars, and smart devices, improving convenience, efficiency, and productivity.
AI transparency issues create distrust and resistance, as complex models obscure decision processes, making accountability.
Many services provided by fintech companies are prone to credit risks. P2P lending, crowdfunding, and online payments.
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