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Sir Tim Berners-Lee Lays Out Nightmare Scenario Where AI Runs the Financial World (techworld.com)
The architect of the world wide web Sir Tim Berners-Lee has talked about some of his concerns for the internet over the coming years, including a nightmarish scenario where artificial intelligence (AI) could become the new 'masters of the universe' by creating and running their own companies. From an article: Masters of the universe is a reference to Tom Wolfe's 1987 novel The Bonfire of the Vanities, regarding the men (and they were men) who started racking up multi-million dollar salaries and a great deal of influence from their finance roles on Wall Street and in London during the computerised trading boom pre-Black Monday. Berners-Lee said, "So when AI starts to make decisions such as who gets a mortgage, that's a big one. Or which companies to acquire and when AI starts creating its own companies, creating holding companies, generating new versions of itself to run these companies. So you have survival of the fittest going on between these AI companies until you reach the point where you wonder if it becomes possible to understand how to ensure they are being fair, and how do you describe to a computer what that means anyway?"
More AI bullshit. We can barely even create functional regular software.
The AI likely would have Chinese walls built into them to prevent collusion and insider trading.
Ha ha ha. Hahahahahaha. Well played, sir.
The creatures outside looked from Alt-Right to Antifa; but already it was impossible to say which was which.
How is that scenario different from the humans? It seems that they were not programmed with negative consequences, and they are NOT learning either.
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The AI may just go the the biggest and best profit regardless of consequences. For example if it is profitable for it to crash the markets, have millions out of work and companies going bankrupt all so it can make a few thousand dollars bigger profit
The hell are you talking about? That's exactly how humans are ruining economies right now. Get out of your cushy white collar office space sometime and see how your top tier entitled privileged lifestyle compares to real people in the real world.
There's no guarantee an AI will be auditable. Lots of AIs are too complicated to understand how they work.