In this episode of Bloomberg's "At The Money," Barry Ritholtz interviews Cass Sunstein, Harvard Law professor and author of "Algorithmic Harm," about the potential harms of algorithms and AI. They discuss how algorithms can exploit consumers through price and quality discrimination, create echo chambers in news consumption, and manipulate individuals based on their online behavior and data. Sunstein suggests consumer protection through education and algorithmic transparency as potential solutions, advocating for a balanced approach to regulation that avoids being overly restrictive while safeguarding against exploitation. The conversation explores the ethical implications of AI in investing, surge pricing, and the balance between privacy and transparency in the digital age.
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