L4sBot@lemmy.worldBM to Technology@lemmy.worldEnglish · 3 years agoIt is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head sayswww.businessinsider.comexternal-linkmessage-square104linkfedilinkarrow-up1290arrow-down132file-textcross-posted to: technology@lemmit.online
arrow-up1258arrow-down1external-linkIt is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head sayswww.businessinsider.comL4sBot@lemmy.worldBM to Technology@lemmy.worldEnglish · 3 years agomessage-square104linkfedilinkfile-textcross-posted to: technology@lemmit.online
It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined
minus-squareclutch@lemmy.mllinkfedilinkEnglisharrow-up3·3 years agoHe has a good point as this monoculture of systems and models would very greatly amplify any market imbalance and defects, at a speed human bank managers would only realize when getting notified of their impending bankruptcy
He has a good point as this monoculture of systems and models would very greatly amplify any market imbalance and defects, at a speed human bank managers would only realize when getting notified of their impending bankruptcy