this post was submitted on 16 Oct 2023
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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says (www.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says::undefined

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[–] Tar_alcaran@sh.itjust.works 2 points 1 year ago

I'm thinking yes, plus AI margin trading running into a tragedy of the commons where they collectively run the stock market into the ground and there's no reset button on that.