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What does Apple Card have to do with B2B lending?

Recently, a tweet caused a big kerfuffle when Danish programmer David Heinemeier Hansson tweeted that his credit limit for the new Apple Card was 20 times that of his wife’s, even though she has the higher credit score. All of a sudden the news picked up stories on gender bias, claiming the credit card's issuer, Goldman Sachs, is giving women far lower credit limits with the new Apple Card, even if they share assets and accounts with their spouse.

But it's impossible to know if the Apple Card — or any other credit card — discriminates against women, because creditworthiness algorithms are notoriously opaque. Credit scores are only one factor in determining credit worthiness, so it’s hard to jump to conclusions.

But if the future is more technology around B2B lending, just how concerned should we be that models built on AI may not be as good as one might think? If we are to believe the capabilities of AI, and I do, then through self-learning mechanisms like self-driving cars, the intelligence should get better with more experience.

But humans design software, and humans have biases. Some examples include: