Track 6 – Solving for Algorithmic Bias in Valuations
October 17, 2023 12:16 PM
46:07 The rise of AI will only serve U.S. consumers well if bias is removed from algorithms. In valuations, is AI inherently biased when using existing appraisal data, or can it learn from this data and eventually remove bias? What's the role of regulators, GSEs, valuation firms, and fintechs in solving this?