Towards Equitable AI: Detecting Bias in Using Large Language Models for Marketing

Abstract: The recent advances in LLMs have revolutionized industries such as finance, marketing, and customer service by enabling sophisticated natural language processing tasks. However, the broad adoption of LLMs brings significant challenges, particularly in the form of social biases that can be embedded within their outputs. Biases related to gender, age, and other sensitive attributes can lead to unfair treatment, raising ethical concerns and risking both company reputation and customer trust. This study examined bias in finance-related marketing slogans generated by LLMs (i.e., ChatGPT) by prompting tailored ads targeting five demographic categories: gender, marital status, age, income level, and education level. A total of 1,700 slogans were generated for 17 unique demographic groups, and key terms were categorized into four thematic groups: empowerment, financial, benefits and features, and personalization. Bias was systematically assessed using relative bias calculations and statistically tested with the Kolmogorov-Smirnov (KS) test against general slogans generated for any individual. Results revealed that marketing slogans are not neutral; rather, they emphasize different themes based on demographic factors. Women, younger individuals, low-income earners, and those with lower education levels receive more distinct messaging compared to older, higher-income, and highly educated individuals. This underscores the need to consider demographic-based biases in AI-generated marketing strategies and their broader societal implications. The findings of this study provide a roadmap for developing more equitable AI systems, highlighting the need for ongoing bias detection and mitigation efforts in LLMs.