Is AI Biased?

AI systems are making important decisions about our money and careers, but they learn from data that contains unfair biases. Studies show that AI gives different financial advice based on gender. For example, it might tell women to save money by meal planning while suggesting investment strategies to men. This problem goes beyond advice—research proves that male investors show much less interest in female business owners compared to men with identical business ideas.

This bias creates serious problems in banking and finance, where AI decides who gets loans, what interest rates people pay, and which investments are offered. Women already face unfair treatment in finance, paying higher interest rates and receiving less funding than men for similar businesses. When AI makes these existing problems worse, it creates even bigger barriers that limit opportunities for women and other underrepresented groups.

You can fight AI bias through simple personal actions that anyone can do. Start by looking at different types of content online to avoid getting stuck in narrow recommendations. Always question AI advice by asking yourself, "Would this suggestion be the same for everyone?" Use several different AI tools when making important decisions instead of trusting just one. Also, check your privacy settings to limit how much personal information companies collect about you. These small steps add up to create real change in how AI systems treat different groups of people.