Nick Schmidt, Founder & CTO of SolasAI & BLDS, LLC, discusses biased AI models, algorithm misuse, biased data collection, regulations for algorithm fairness, addressing biases in AI models, and practical solutions for everyday users.

Nick Schmidt, the Chief Technology and Innovation Officer at SolasAI, discusses the role of fairness in AI/ML, highlighting real-life examples of bias and disparity in machine learning algorithms. He emphasizes the importance of model governance, accountability, and ownership in ensuring fairness. The podcast explores algorithmic fairness issues, consequences of biased algorithms, and the need for human involvement. Nick also offers advice for organizations assessing their AI security risk and advocates for seeking outside help when implementing fairness in ML models.