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Adding something to the "Risks" section of your company's financial report reads more like CYA ("Cover Your Ass") than "We're afraid of AI!" behavior.
Facebook once listed "adoption of mobile devices" in the "Risks" section of their reports.
>> Risks to jobs rarely feature among reported risks, despite being a prominent public concern. If there is a risk to jobs, it wouldn't show up here since actually less jobs is "good" for business...
There's a reason Henry Ford paid his employees enough to buy one of his cars.
The reality is that he couldn’t attract the right workers because factory work is sole destroying.
>> Risks to jobs rarely feature among reported risks, despite being a prominent public concern. If there is a risk to jobs, it wouldn't show up here since actually less jobs is "good" for business...
> less jobs is "good" for business Up to a point. Then you no longer have customers.
Prisoner's dilemma, with the businesses as the 'prisoners'.
One of the ways to change the Nash equilibrium for that game is for enough people to empower some outside agent that punishes defectors. (Metaphorically, for the original prisoners in the thought experiment, a gangland boss).
If AI can trade stocks and derivatives better than any humans, maybe we'll see wealth accumulation in a few large AI firms. And the stock market becomes effectively useless to the rest of us.
If AI can trade stocks and derivatives better than any humans, maybe we'll see wealth accumulation in a few large AI firms. And the stock market becomes effectively useless to the rest of us.
Hedge funds and investment banks are already using these tools to the max, and the markets are plenty profitable for everyone
Earlier quoted context omitted.
There's a reason Henry Ford paid his employees enough to buy one of his cars.
It is a myth that it was so they could afford one of his cars. The reality is that he couldn’t attract the right workers because factory work is sole destroying.
If AI can trade stocks and derivatives better than any humans, maybe we'll see wealth accumulation in a few large AI firms. And the stock market becomes effectively useless to the rest of us.
Yeah, but AI will be banned before that happens.
If AI can trade stocks and derivatives better than any humans, maybe we'll see wealth accumulation in a few large AI firms. And the stock market becomes effectively useless to the rest of us.