L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 9 months agoIt is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head sayswww.businessinsider.comexternal-linkmessage-square106fedilinkarrow-up1292arrow-down132file-text
arrow-up1260arrow-down1external-linkIt is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head sayswww.businessinsider.comL4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 9 months agomessage-square106fedilinkfile-text
It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined
minus-squareclutch@lemmy.mllinkfedilinkEnglisharrow-up3·9 months 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