President Biden’s candidate for the post of head of the highest banking regulator is leaving. Saule Omarova faced opposition from Republicans and bank lobbyists, who objected to her academic work, proposing radical changes in the banking system. But the skepticism of moderate Democrats ultimately doomed her appointment.
The House of Representatives is only promoting legislation to help avoid US default. Legislators voted 222-212 votes in favor of the bill, which will make it easier for the Senate to raise the debt ceiling soon, although both houses still have to approve a separate law to do so. They also voted to prevent billions of dollars in Medicare spending cuts.
The Amazon cloud shutdown has affected a wide range of businesses. Amazon Web Services has been shutting down many services for an hour, from Disney + to Roomba and Ticketmaster. It also seriously impacted Amazon’s warehousing and logistics operations ahead of the peak holiday shopping season.
Large companies are battling AI bias in hiring
Some of the biggest names in corporate America are joining efforts to prevent biased results from the artificial intelligence software that HR departments are increasingly using to validate resumes and assess job seekers’ skills. The Data & Trust Alliance, announced today, is backed by the owner of Facebook, Meta, Nike and Walmart, among others, and will be chaired by former American Express CEO Ken Chenot and Sam Palmisano, former CEO of IBM.
December 8, 2021 at 7:40 am ET.
The group developed a test to determine if systems are conducive to bias.especially in the hiring process. At first glance, neutral datasets combined with others can produce results that differ by race, gender, or age. The group’s questionnaire, for example, asks about the use of “proxy” data, including type of mobile phone, sportswear and social club membership. The assessment program has been developed and refined over the past year.
“It’s not just the acceptance of principles, but also the implementation of something concrete,” – said Chenot. The former Amex executive who previously served on the Facebook board also denounced the popular Silicon Valley ideal of debuting technology before remediation: “We have to go through an era of ‘move fast, break things, and figure it out.’ later, ”he told The Times, referring to Facebook’s previous motto.