They're afraid

Comments

• PhlubbaDubba@lemm.ee ⁨8⁩ ⁨months⁩ ago

  I disagree, I see the rich’s approach to AI as a prayer for a way to beat unpredictability.

  The degree to which they fantasize about being able to quantify previously unsolvable problems makes it pretty clear that the end game is AI stock trading.

  They want to be able to leave the game, really end the game, to consolidate all trading power into their hands, and in doing so, consolidate the absolute power to pick winners, because once everyone knows you have a winner finding AI, they’ll assume any trade you make will be based on that AI, and ergo, guaranteed to return big.

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  • stoy@lemmy.zip ⁨8⁩ ⁨months⁩ ago

    The hunt for a 100% predictable investment system based on computers has been going on since atleast the 90s, and has never worked long term:

    www.dailymotion.com/video/x225si7

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    • PhlubbaDubba@lemm.ee ⁨8⁩ ⁨months⁩ ago

      No but frankly there shouldn’t even be the legality to try and pursue it. On the remote chance someone actually creates a working model that beats average performance, it more or less destroys the uncertainty on which the current economic order stands, and in this case, not in a good way.

      We’d transition instantly from financial oligarchy to financial dictatorship.

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  • isles@lemmy.world ⁨8⁩ ⁨months⁩ ago

    Isn’t that essentially just an extension of Aladdin?

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