Algorithm: An algorithm is a set of rules or step-by-step instructions written by a programmer to be followed by a computer or artificial intelligence program in order to solve a problem or perform an action. An algorithm is the manualinstructing the AI what to accomplish.
Artificial intelligence: A computer system or program that performs tasks that ordinarily a human would perform.
Fraud detection: The process used to prevent money from being stolen online.
Risk assessment: The evaluation of risks to determine whether a project or loan is worth doing.
Unconscious bias: The prejudices a person may have without realizing it. Bias in AI can negatively impact marginalized communities.