//GA4 analytics
  • Home
  • Privacy & Policy
  • Contact
  • Media
  • CratesHub.com
  • Audio on Demand
ATL FM NewsRoom
  • Home
  • Featured
    Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

    Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

    Ministry of Health to Collaborate with UCC to Train Health Specialists

    Ministry of Health to Collaborate with UCC to Train Health Specialists

    Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

    Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

    DVLA Suspends Compliance Fines Effective October 15, 2025

    DVLA Suspends Compliance Fines Effective October 15, 2025

    President of the Traders Advocacy Group Ghana (TAGG), Mr. David Kwadwo Amoateng, has welcomed the announcement of a Ghana-China zero tariff agreement, describing it as “good news” that could boost bilateral trade between the two nations.

    Traders Group Welcomes Ghana-China Zero Tariff Deal, Calls for Strong Local Involvement

    IFEST Endorses Government’s Plan to Upgrade Category B SHSs

    IFEST Endorses Government’s Plan to Upgrade Category B SHSs

    Ken Agyapong Unveils Plan to Turn Churches and Mosques into Entrepreneurship Hubs

    Ken Agyapong Unveils Plan to Turn Churches and Mosques into Entrepreneurship Hubs

    Vice President Mourns Victims of Krachi Boat Disaster, Promotes Safety

    Vice President Mourns Victims of Krachi Boat Disaster, Promotes Safety

    The National Chairman of the opposition National Democratic Congress (NDC), Johnson Asiedu Nketiah, has defended his ongoing nationwide “thank you tour,” describing it as a gesture of accountability and respect for Ghanaian tradition.

    Asiedu Nketiah Defends Nationwide “Thank You Tour,” Says It Reflects Accountability and Tradition

  • News
    • All
    • Africa News
    • Business
    • International
    • Local News
    ‘Father of our democracy’: Kenya’s Raila Odinga dies in India aged 80

    ‘Father of our democracy’: Kenya’s Raila Odinga dies in India aged 80

    Forty-two killed as bus crashes on South Africa mountain pass

    Forty-two killed as bus crashes on South Africa mountain pass

    Sudan Military leader convicted of war crimes — What it means for Darfur now

    Sudan Military leader convicted of war crimes — What it means for Darfur now

    MIIF probe escalates with Goldridge Refinery in spotlight

    MIIF probe escalates with Goldridge Refinery in spotlight

    Inflation falls below 10% for first time in four years, now at 9.4%

    Inflation falls below 10% for first time in four years, now at 9.4%

    Anas wins international acclaim in Amsterdam for gaming innovation

    Anas wins international acclaim in Amsterdam for gaming innovation

  • Politics
  • Sports
  • Entertainment
  • Technology
  • Lifestyle
  • Opinions
  • MediaAudio
    • All
    • Agyanom Afarifo
    • Cross Current
    • Sports Pai Mu Kan
    • Thursdays Sports

    Thursday Afternoon Sports

    Agoro Nie Pae Mu Ka

    Cross Current

    Agyanom Afarifo

  • Contact Us
  • About us
No Result
View All Result
  • Home
  • Featured
    Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

    Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

    Ministry of Health to Collaborate with UCC to Train Health Specialists

    Ministry of Health to Collaborate with UCC to Train Health Specialists

    Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

    Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

    DVLA Suspends Compliance Fines Effective October 15, 2025

    DVLA Suspends Compliance Fines Effective October 15, 2025

    President of the Traders Advocacy Group Ghana (TAGG), Mr. David Kwadwo Amoateng, has welcomed the announcement of a Ghana-China zero tariff agreement, describing it as “good news” that could boost bilateral trade between the two nations.

    Traders Group Welcomes Ghana-China Zero Tariff Deal, Calls for Strong Local Involvement

    IFEST Endorses Government’s Plan to Upgrade Category B SHSs

    IFEST Endorses Government’s Plan to Upgrade Category B SHSs

    Ken Agyapong Unveils Plan to Turn Churches and Mosques into Entrepreneurship Hubs

    Ken Agyapong Unveils Plan to Turn Churches and Mosques into Entrepreneurship Hubs

    Vice President Mourns Victims of Krachi Boat Disaster, Promotes Safety

    Vice President Mourns Victims of Krachi Boat Disaster, Promotes Safety

    The National Chairman of the opposition National Democratic Congress (NDC), Johnson Asiedu Nketiah, has defended his ongoing nationwide “thank you tour,” describing it as a gesture of accountability and respect for Ghanaian tradition.

    Asiedu Nketiah Defends Nationwide “Thank You Tour,” Says It Reflects Accountability and Tradition

  • News
    • All
    • Africa News
    • Business
    • International
    • Local News
    ‘Father of our democracy’: Kenya’s Raila Odinga dies in India aged 80

    ‘Father of our democracy’: Kenya’s Raila Odinga dies in India aged 80

    Forty-two killed as bus crashes on South Africa mountain pass

    Forty-two killed as bus crashes on South Africa mountain pass

    Sudan Military leader convicted of war crimes — What it means for Darfur now

    Sudan Military leader convicted of war crimes — What it means for Darfur now

    MIIF probe escalates with Goldridge Refinery in spotlight

    MIIF probe escalates with Goldridge Refinery in spotlight

    Inflation falls below 10% for first time in four years, now at 9.4%

    Inflation falls below 10% for first time in four years, now at 9.4%

    Anas wins international acclaim in Amsterdam for gaming innovation

    Anas wins international acclaim in Amsterdam for gaming innovation

  • Politics
  • Sports
  • Entertainment
  • Technology
  • Lifestyle
  • Opinions
  • MediaAudio
    • All
    • Agyanom Afarifo
    • Cross Current
    • Sports Pai Mu Kan
    • Thursdays Sports

    Thursday Afternoon Sports

    Agoro Nie Pae Mu Ka

    Cross Current

    Agyanom Afarifo

  • Contact Us
  • About us
No Result
View All Result
ATL FM NewsRoom
No Result
View All Result
--Advertisements--
Home Tech

Using AI for loans and mortgages is big risk, warns EU boss

Mabel Boamah by Mabel Boamah
2 years ago
in Tech
0
Using AI for loans and mortgages is big risk, warns EU boss
0
SHARES
Share on FacebookShare on Twitter
--Advertisements--

Discrimination is a more pressing concern from advancing artificial intelligence than human extinction, says the EU competition chief.

Margrethe Vestager told the BBC “guardrails” were needed to counter the technology’s biggest risks.

--Advertisements--

She said this was key where AI is being used to help make decisions that can affect someone’s livelihood, such as whether they can apply for a mortgage.

The European Parliament will vote on its proposed AI rules on Wednesday.

--Advertisements--

The AI Act is being considered by politicians amid warnings over developing the tech – which enables computers to perform tasks typically requiring human intelligence – too quickly.

Some experts have warned that AI could lead to the extinction of humanity.

In an exclusive interview with the BBC, Ms Vestager said AI’s potential to amplify bias or discrimination, which can be contained in the vast amounts of data sourced from the internet and used to train models and tools, was a more pressing concern.

“Probably [the risk of extinction] may exist, but I think the likelihood is quite small. I think the AI risks are more that people will be discriminated [against], they will not be seen as who they are.

“If it’s a bank using it to decide whether I can get a mortgage or not, or if it’s social services on your municipality, then you want to make sure that you’re not being discriminated [against] because of your gender or your colour or your postal code,” she said.

On Tuesday, Ireland’s data protection authority said it had put Google’s planned EU roll-out of its AI chatbot Bard on hold.

It said it had been informed by Google that its ChatGPT competitor would be introduced in the EU this week, but was yet to receive details or information showing how the firm had identified and minimised data protection risks to prospective users.

Deputy Commissioner Graham Doyle said the DPC was seeking the information “as a matter of urgency” and had raised further data protection enquiries about it with Google.

‘A UN approach’

Ms Vestager, who is the European Commission’s executive vice president, said AI regulation needs to be a “global affair”.

She insisted a consensus among “like-minded” countries should be prioritised before getting more jurisdictions, such as China, on board.

“Let’s start working on a UN approach. But we shouldn’t hold our breath,” she said.

“We should do what we can here and now.”

Ms Vestager is spearheading EU efforts to create a voluntary code of conduct with the US government, which would see companies using or developing AI sign up to a set of standards that are not legally binding.

Being ‘pragmatic’

The current draft of the AI Act seeks to categorise applications of AI into levels of risk to consumers, with AI-enabled video games or spam filters falling into the lowest risk category.

High-risk AI systems include those that are used to evaluate credit scores or access to loans and housing. This is where the focus of strict controls on the tech will be.

But as AI continues to develop quickly, Ms Vestager said there was a need to be pragmatic when it comes to fine-tuning rules around this technology.

“It’s better to get, let’s say 80% now than 100% never, so let’s get started and then return when we learn and then correct with others,” she said.

Ms Vestager said there was “definitely a risk” that AI could be used to influence the next elections.

She said the challenge for police and intelligence services would be to be “fully on top” of a criminal sector where there is a risk they get ahead in the race to utilise the tech.

“If your social feed can be scanned to get a thorough profile of you, the risk of being manipulated is just enormous,” she said, “and if we end up in a situation where we believe nothing, then we have undermined our society completely.”

Many tech leaders and researchers signed a letter in March calling for a pause in the development of AI systems more powerful than OpenAI’s GPT-4.

But Ms Vestager said this was not realistic.

“No-one can enforce it. No-one can make sure that everyone is on board,” she said, pointing out that a pause could be used by some as an opportunity to get ahead of competitors.

“What I think is important is that every developer knows that everyone has signed up for the same guardrails so that no-one takes excessive risks.”

Facial recognition

The European Parliament’s proposals for the AI Act seek to restrict the use of biometric identification systems and indiscriminate collection of user data from social media or CCTV footage for purposes such as facial recognition systems.

However, Ms Vestager said: “We want to put in strict guardrails so that it’s not used in real-time, but only in specific circumstances where you’re looking for a missing child or there’s a terrorist fleeing.

“The Parliament has a much more principled position that they will vote on tomorrow to basically ban it completely.”

Before the AI Act can become finalised as the world’s first rulebook on the use and development of AI systems, the EU’s three branches of power: the Commission, Parliament and Council will all have to agree on its final version.

It is not expected to come into effect before 2025.

CLICK HERE FOR MORE NEWS

SOURCE: BCCNEWS

Previous Post

Woman presumed dead found alive in coffin at her wake in Ecuador

Next Post

Johnny Depp selects charities for the $1 million he received from Amber Heard in defamation settlement

Mabel Boamah

Mabel Boamah

Next Post
Johnny Depp selects charities for the $1 million he received from Amber Heard in defamation settlement

Johnny Depp selects charities for the $1 million he received from Amber Heard in defamation settlement

Listen Live

ATL FM Live Streaming
Your browser does not support the audio element.

Stay Connected test

  • 1.9k Followers
  • 1000 Subscribers
  • Trending
  • Comments
  • Latest
“I’m not dead” – Kumawood actress, Akyere Bruwaa dismisses social media rumours

“I’m not dead” – Kumawood actress, Akyere Bruwaa dismisses social media rumours

April 24, 2024
Ministry of Health to Collaborate with UCC to Train Health Specialists

Ministry of Health to Collaborate with UCC to Train Health Specialists

October 16, 2025
Ken Agyapong Unveils Plan to Turn Churches and Mosques into Entrepreneurship Hubs

Ken Agyapong Unveils Plan to Turn Churches and Mosques into Entrepreneurship Hubs

October 15, 2025
Lil Win speaks on Saturday’s fatal accident

Lil Win speaks on Saturday’s fatal accident

May 27, 2024
Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

0
Alan Kyerematen Unveils New Political Party

Alan Kyerematen Unveils New Political Party

0
Ministry of Health to Collaborate with UCC to Train Health Specialists

Ministry of Health to Collaborate with UCC to Train Health Specialists

0
Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

0
Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

October 17, 2025
Alan Kyerematen Unveils New Political Party

Alan Kyerematen Unveils New Political Party

October 16, 2025
Ministry of Health to Collaborate with UCC to Train Health Specialists

Ministry of Health to Collaborate with UCC to Train Health Specialists

October 16, 2025
Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

October 16, 2025

Recent News

Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

October 17, 2025
Alan Kyerematen Unveils New Political Party

Alan Kyerematen Unveils New Political Party

October 16, 2025
Ministry of Health to Collaborate with UCC to Train Health Specialists

Ministry of Health to Collaborate with UCC to Train Health Specialists

October 16, 2025
Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

October 16, 2025

ATL FM LIVE

ATL FM Live Streaming
Your browser does not support the audio element.

We serve you with the most credible and authentic news covering articles, campus, regional, national and international stories.

Follow Us

Browse by Category

  • Africa News
  • Agyanom Afarifo
  • Business
  • Cross Current
  • E-News
  • Featured
  • Foreign News
  • Foreign Sports
  • International
  • Lifestyle
  • Local News
  • Local Sports
  • Media
  • News
  • Opinions
  • Politics
  • Sports
  • Sports Pai Mu Kan
  • Tech
  • Thursdays Sports
  • Uncategorized
  • Video

Recent News

Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

October 17, 2025
Alan Kyerematen Unveils New Political Party

Alan Kyerematen Unveils New Political Party

October 16, 2025
  • Home
  • Privacy & Policy
  • Contact
  • Media
  • CratesHub.com
  • Audio on Demand

© 2020 ATL FM NEWS - Your source of authentic news. Powered by ATL FM IT Dept

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
--Advertisements--

Add New Playlist

No Result
View All Result
  • About us
  • Audio on Demand
  • Contact Us
  • Home
  • Privacy & Policy

© 2020 ATL FM NEWS - Your source of authentic news. Powered by ATL FM IT Dept