RBI Guv for fixing gaps in algorithms

Mumbai: RBI Governor Shaktikanta Das on Friday emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise.

Delivering the inaugural address at the 18th Statistics Day Conference organised by the Reserve Bank of India (RBI), he said the use of statistics has been ever growing as a preferred tool for drawing inferences in diverse fields and the discipline has moved beyond collection of facts to focusing more on interpretation and drawing inferences, taking into account the level of uncertainty.