It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
businessinsider.com
It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says::undefined
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They've been fucking with automated trading for decades though, unless you're going to try to convince me that there's a human investing in a trillionth of a company for a hundredth of a second at a time.
It's already caused "flash crashes" before. https://en.wikipedia.org/wiki/2010_flash_crash
The idea of investing in companies because you believe in them and want a share of their profits is sound enough I guess, but what it's morphed into is nonsense. The result is a system where you have trillion dollar companies that never actually turn a profit in favour of "growth".