Garry Gensler told the Financial Times that AI could cause a financial crash as soon as the late 2020s or early 2030s.

It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined

  • Steeve@lemmy.caEnglish
    552·
    9 months ago

    Bears have predicted 100 of the last 3 market crashes

    • Andy@slrpnk.netEnglish
      241·
      9 months ago

      Yeah.

      It’s a casino, and a lot of these folks are no smarter than a retiree rubbing troll dolls on their favorite slot machine.

      The solution is to realign markets to human needs. The is no productive benefit to high speed trading. There is no benefit to stock by backs. We need to reign in most of the nonsense that these financial services institutions do.