CEO of credit score giant FICO dishes on how company uses AI

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Credit score company FICO has been using artificial intelligence for 20 years, and CEO Will Lansing stresses the importance of responsible integration.

Rep. Darrell Issa, R-Calif., joined ‘The Big Money Show’ to discuss artificial intelligence and Elon Musk’s recent three-day trip to China.

A monitor displays FICO signage on the floor of the New York Stock Exchange on Oct. 20, 2017. The 67-year-old analytics firm has used AI for more than 20 years. Much like AI is used in hiring software but is not used to make hiring decisions because of discrimination concerns, AI cannot make the decision on whether a consumer is approved for a purchase such as a car."It's great for innovation, it's great for coming up with ideas for variables and models, it's great for exploring the art of the possible," he said of AI.

 

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