Explain the concept and importance of 'model cards' for AI Explainability.
Instruction: Discuss what model cards are, their components, and why they are important in the context of AI Explainability.
Context: This question evaluates the candidate's knowledge of model cards as a tool for documenting AI model characteristics and promoting transparency.
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The way I'd explain it in an interview is this: Model cards are structured documents that describe what a model does, how it was trained, what data it used at a high level, where it performs well or poorly,...