Blogs -“Algorithms are not biased; data is biased” – MWC 2019

“Algorithms are not biased; data is biased” – MWC 2019


March 07, 2019

author

Beth Kindig

Lead Tech Analyst

Last week at MWC in Barcelona, the session panels focused on the hottest topics in mobile, such as 5G, artificial intelligence and blockchain. The more controversial panels discussed the bias found in data, and how that data goes onto inform algorithms, which results in unethical conclusions. Speakers and panelists pointed out the racial bias in prison sentencing, gender bias in mortgage loans, financial institutions, age-related bias that occurs during job recruitment, and pre-existing conditions in health care coverage.

Danny Guillory, the head of global diversity and inclusion at AutoDesk told Fortune Magazine that by running a search for a professional social network for social engineers, the results were primarily Caucasian men. Guillory pointed out that when you engage or ask for more results, the AI delivers candidates with similar attributes – more Caucasian men. Another example of AI bias is the notorious Microsoft’s Tay AI, when released on Twitter back in March of 2016, the AI quickly became misogynist and racist on social media within a staggering 24 hours.

AI may seem like an auxiliary technology to how we live our daily lives today, however, it will soon be the primary driver across the tech industry. PricewaterhouseCoopers estimates the world economy will reach an additional 15.7 trillion in value by 2030 due to artificial intelligence. To put this into perspective, the top 5 technology companies today have a combined value of about $4 trillion, which includes Apple, Amazon, Microsoft, Google and Facebook. The annual global technology spend is similar – about $3 trillion. Over the next decade, AI will drive a market 5x the size of tech’s current global spend.

Although this growth is exciting on many levels, the panelists at MWC 2019 voiced concerns about the handling of inherent biases that comes from data, as clearly discrimination by age, race, gender, education or other factors within audience segmentation is counterproductive to the advancement of society that AI promises.

My newsletter subscribers get this information first. Sign up here.

AI algorithms are responsible for making consequential decisions and are trained to find lookalikes or other markers to learn patterns. Some argue that the bias occurs when the computer system reflects the humans who designed it. Proven downsides to artificial intelligence have surfaced in recent years, for instance with fake news allegedly influenced the 2016 Presidential election. These accusations are proof that we have run out of time in addressing these concerns, especially as we near the precipice of a much larger, multi-trillion-dollar AI market.

Provided there is more diversity within the field of artificial intelligence, many of the panelists asked who should regulate the infractions of algorithmic bias – governments or markets? Many felt there should be an international community to establish guidelines for AI. But even then, will the lower classes be invited or what level of inclusivity will an international community realistically provide for, as the world’s most vulnerable and marginalized people are unlikely to be represented. In this way, AI could further the gap between lower class and upper class along socioeconomic lines, if it hasn’t done so already as AI is currently in use by the largest financial funds in capital markets.

The unanimous solution among the panelists and speakers was to broaden the conversation and not limit artificial intelligence jobs only to technical experts. “Requiring someone to know Python in order to work with AI is not democratizing AI,” one panelist pointed out. Along these lines, a more human centric approach is necessary.

head bg

More To Explore

Newsletter

Robinhood crypto trading volume vs. transaction revenue Q2 2025

Robinhood Stock: Spot Crypto Volumes May Lead to Incoming Volatility

Robinhood’s fundamental transformation over the past two years has been nothing short of remarkable. Crypto is driving strong revenue growth at 50% YoY in Q1, while TTM operating margin is approaching

July 11, 2025
Beth Kindig, Lead Tech Analyst at I/O Fund, interviewed on Fox Business discussing Nvidia’s earnings beat and solid guidance.

AI Stocks in 2025: What Every Investor Should Know

The market evolves quickly, and nowhere is that more apparent than in AI stocks, which continue to lead in both innovation and returns. At the I/O Fund, our deep coverage of AI stocks, combined with a

July 03, 2025
Modern data center building next to a nuclear power plant cooling tower.

Nuclear Power Emerging as a Clean AI Data Center Energy Source

Data center power demand is forecast to surge over the next decade, with some estimates seeing demand increasing 3x by 2030. Inference is expected to be a primary driver with power demand growth proje

June 27, 2025
Nvidia vs. AMD CEOs in AI GPU race, spotlighting AI inference competition.

AMD vs Nvidia: The AI Stock That Could Win by 2028

Last week, AMD offered more details on the release of their groundbreaking GPUs with little fanfare in the markets – which is par for the course as AMD has a history of being forgotten about until the

June 20, 2025
AI chip powering data growth with green upward graph, symbolizing semiconductor and AI market expansion

This AI Stock is Set to Surge from Inference Demand

Up until now, the AI conversation has been dominated by training and compute, yet inference is showing signs of exploding growth. Microsoft and Google recently highlighted 5x to 9x YoY growth in AI to

June 13, 2025
Taiwan Semiconductor drives AI growth amid geopolitical risk

Taiwan Semiconductor Stock: AI Growth Amid Geopolitical Risk 

Despite their leadership, AI stocks like Taiwan Semiconductor and Nvidia are flat year-to-date and trading at similar levels as June 2024. Clearly, the AI trade is not as straightforward as it might s

June 06, 2025
Man walks on a broken bridge with a stock chart overlay, symbolizing market challenges

Historic Market Uncertainty Meets $7 Trillion Debt Wall: What Comes Next for the S&P 500

We are seeing mounting evidence that this bounce may be the start of a new push to all-time highs, such as improved breadth, better than expected earnings plus the size of this bounce. However, one ca

May 27, 2025
a baseball stadium with Nvidia billboard

Nvidia Stock Faces a Choppy Q2, But Tailwinds Build for H2 Acceleration

Nvidia’s streak of blockbuster earnings has turned investor expectations into a high-stakes game— anything short of perfection risks disappointment. As the company gears up to report fiscal Q1 results

May 23, 2025
Microsoft stock up as Azure tops AWS, Google Cloud in Q3 2025

Microsoft Stock Surges After Q3 2025 Earnings: What Separates Azure from AWS, Google Cloud

Microsoft stock jumped after Q3 2025 earnings as Azure emerged as the only major cloud platform to accelerate growth this quarter — a rare feat amid macro pressures. Azure’s 35% constant currency grow

May 16, 2025
Bitcoin price chart signaling potential top despite favorable crypto news

Why Bitcoin’s Bull Run May Be Nearing a Top Despite Pro-Crypto Tailwinds

Since calling the Bitcoin bottom near $16,000 in late 2022, the I/O Fund has maintained a disciplined, contrarian approach — issuing 13 buy alerts before Bitcoin surged above $100,000. Now, signs sugg

May 09, 2025
newsletter

Sign up for Analysis on
the Best Tech Stocks

https://bethtechnology.cdn.prismic.io/bethtechnology/e0a8f1ff-95b9-432c-a819-369b491ce051_Logo_Final_Transparent_IOFUND.svg
The I/O Fund specializes in tech growth stocks and offers in-depth research for Premium Members. Investors get access to a transparent portfolio, a forum, webinars, and real-time trade notifications. Sign up for Premium.

We are on social networks


Copyright © 2010 - 2025