The first industry shaking win for AI, which is so old and established that no one calls it AI, was predicting the future repayment behavior of borrowers for credit underwriting. Most people think this requires something akin to a character judgment.https://twitter.com/devarbol/status/1214659804012175360 …
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FICO enables an explosion of consumer credit, moved credit relationships to professionalized organizations which comply with anti-discrimination regulations versus “your local drugstore”, and provably treats similarly situated borrowers equivalently regarding of race/gender/etc.
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A forgotten bit of history: prior to credit cards people maintained credit relationships with their local drugstore, grocery, etc and that grocery’s bookkeeper would maintain thousands of $10 to $500 credit lines mostly by hand.
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End of conversation
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Now I'm curious what your major heresies are.
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