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Goldman Sachs AI failures

Every documented AI failure involving Goldman Sachs on the AI Failure Index, classified by the mechanism that broke.

Failures: 2
Highest severity: High
Span: 2019
Failure modes: 1

By failure mode

Policy Violation2

By severity

FI-0010Retail BankingHigh

Policy Violation

Apple Card's underwriting AI gave wives one-tenth the credit limit of husbands

Developer David Heinemeier Hansson reported his wife received a credit limit 20x smaller than his on identical financial data. New York's Department of Financial Services opened an investigation. Apple's banking partner Goldman Sachs was cleared after a long review.

Confidence: High (multi-source, primary)

Apple, Goldman Sachs2 sourcesPrimaryPublicNov 2019

FI-0335Fintech & PaymentsMedium

Policy Violation

Apple Card algorithm allegedly grants lower credit limits to women

Goldman Sachs faced allegations that its Apple Card algorithm discriminated against women. A regulatory probe by the NY DFS followed, though the regulator eventually found no violation of fair lending laws.

Confidence: Medium (multi-source)

Goldman Sachs3 sourcesPressPublicNov 2019

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