10:37:54 EDT Tue 23 Apr 2024
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Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 6,450,000
Close 2023-06-01 C$ 26.92
Market Cap C$ 173,634,000
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Globe says Apple finds AI still garbage in, garbage out

2023-06-01 08:43 ET - In the News

Also In the News (C-TSLA) Tesla Inc CDRs (CAD Hedged)

The Globe and Mail reports in its Thursday edition that artificial intelligence has burst out of sci-fi screens and into our everyday lives. Guest columnist Sam Sivarajan writes that hype has always outpaced reality in innovation. For example, in October, 2016, Elon Musk, the chief executive officer of Tesla, announced that the first fully autonomous Tesla would drive from Los Angeles to New York by the end of 2017. By 2022, that goalpost had moved to 2023 and many experts believe the reality is still years away. Second, AI is not some bias-free utopia that will liberate us from sexism, racism, short-termism or any other form of ism that humans suffer from. When Apple issued its credit card, provided by Goldman Sachs, many complained that credit approvals and limits were apparently sexist. For instance, Steve Wozniak, co-founder of Apple, shared that he and his wife had common assets and accounts and yet he was granted 10 times the credit limit she was. It was not that the algorithm itself was sexist. It was simply that the data that fed the algorithm were based on historical credit decisions that may have been discriminatory. These algorithms will improve, but the underlying design and data biases will persist.

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