EU Fines Google $2.7B: Validation Solution?
The EU fines Google $2.7 Billion for an anti-trust accusations. Google will appeal the ruling however how will a company that build's its wealth off of algorithms prove the algorithms are fair without disclosing their secrete's?
There should be some sort of model regulation/validation in the tech world. Risk management in banking could provide similar solutions to the tech world on how to efficiently provide evidence of their model's fairness while not revealing the algorithms. One solution is to provide general categories of variables that go into the black box algorithms and then provide results that hep prove the models are based on characteristics that do not discriminate against other companies or consumers.
What do you think? Should Google have to prove it is treating competitors fairly? Is there a better way to prove this while maintaining their proprietary models and algorithms?
Original article: https://www.nytimes.com/2017/06/27/technology/eu-google-fine.html
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