AI will be at the center of the next financial crisis, SEC chair warns

bcrab, 10 months ago

Let’s get through the current financial crisis before we start planning the next one

giacomo, 10 months ago

Wait, when did AI become real?

brihuang95, 10 months ago

Pffft, okay Gary come back to earth now will you

db2, 10 months ago

Bullshit. It wasn’t at the center any of the other times, predatory stock market leeches were. Every time.

potterpockets, 10 months ago

See also: Ownership looking to cut costs at the expense of their employees. AI causing layoffs is as much of a choice as ownership outsourcing jobs.

Valmond, 10 months ago

Yeah it’s crazy we let those “financial” markets exist.

Like those bot wars who trade every millisecond (the same thing, buy sell buy sell buy sell), if you want to invest, there should be at least like 1 single day you have to hold on to that stuff or what is the real reason you’d invest?

Also fuck this idea the borrowing to pay for something today but we’ll pay it later, and then later we’ll just borrow more to pay off the interests. Grrr.

db2, 10 months ago

It gets worse with naked shorting, they don’t even need to borrow money they can just lie about it instead.

Valmond, 10 months ago

Well you are probably right, but there is usually something worse almost always :-)