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The rise of AI as a threat to the S&P 500 [pdf]

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Re: The rise of AI as a threat to the S&P 500 [pdf]

#31

Post by benreesman »

ben_w wrote: post #25
SoftTalker wrote: post #6

Earlier quoted context omitted.

> less jobs is "good" for business Up to a point. Then you no longer have customers.

Everyone is incentivised to do it, even when none of them want all of them to do it. 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).

Equilibria for iterated vs. non-iterated play in the prisoner's dilemma are generally very different.

To the extent that the current leadership of government and business are facing a collective action problem it is because different actors have a different number of iterations they are optimizing for.

Put differently, when it's #CrimeSeason, you gotta get yours before the bill is due, and different crooks on different schedules.

Re: The rise of AI as a threat to the S&P 500 [pdf]

#32

Post by kgwgk »

tonyedgecombe wrote: post #22
psunavy03 wrote: post #14

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.

Actually sitting - or even standing - at an assembly line station is sole conserving.

Re: The rise of AI as a threat to the S&P 500 [pdf]

#33

Post by razemio »

lofaszvanitt wrote: post #26
amelius wrote: post #24

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.

How would you ban AI? It is unstoppable now.

Re: The rise of AI as a threat to the S&P 500 [pdf]

#34

Post by RiverCrochet »

isoprophlex wrote: post #23
antisthenes wrote: post #19

Earlier quoted context omitted.

It's already about 80% whitespace. I think it doesn't even pass the bar of an undergraduate research paper.

[flagged]

Idk about putting hidden messages into our minds or BOM chemtrails but being part of a lizard people overlay network is plausible - https://arxiv.org/abs/2502.12710

Re: The rise of AI as a threat to the S&P 500 [pdf]

#35

Post by andsoitis »

echelon wrote: post #20
yellow_lead wrote: post #13

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.

Here are some S&P 500 companies that are doomed: - https://en.wikipedia.org/wiki/The_Interpublic_Group_of_Compa... - https://en.wikipedia.org/wiki/Omnicom_Group - https://en.wikipedia.org/wiki/Warner_Bros._Discovery - https://en.wikipedia.org/wiki/Fox_Corporation - https://en.wikipedia.org/wiki/Paramount_Global I'm sure there are a lot more.

Why do you think Warner Bros, Fox, and Paramount are doomed?

Re: The rise of AI as a threat to the S&P 500 [pdf]

#36

Post by [deleted] »

echelon wrote: post #20
yellow_lead wrote: post #13

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.

Here are some S&P 500 companies that are doomed: - https://en.wikipedia.org/wiki/The_Interpublic_Group_of_Compa... - https://en.wikipedia.org/wiki/Omnicom_Group - https://en.wikipedia.org/wiki/Warner_Bros._Discovery - https://en.wikipedia.org/wiki/Fox_Corporation - https://en.wikipedia.org/wiki/Paramount_Global I'm sure there are a lot more.

[deleted]

Re: The rise of AI as a threat to the S&P 500 [pdf]

#37

Post by andsoitis »

nine_k wrote: post #11
netrap wrote: post #3

>> 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...

Lower expenses is good for business. Not having to pay employees lowers expenses. But a business needs paying customers, preferably employed by someone else. Other businesses having to pay their employees is good for business in this regard.

Don’t forget also that the number of businesses isn’t finite.

Re: The rise of AI as a threat to the S&P 500 [pdf]

#38

Post by omneity »

arcticfox wrote: post #21
pyuser583 wrote: post #17

Earlier quoted context omitted.

Facebook once listed "adoption of mobile devices" in the "Risks" section of their reports.

I mean, this was absolutely a risk to them. They could have easily lost during the transition.

They did and then spent $5B purchasing Instagram and Whatsapp to recover.

Re: The rise of AI as a threat to the S&P 500 [pdf]

#39

Post by curious_cat_163 »

simonw wrote: post #12

They used LLMs to look at the risk disclosures in recent 10-K filings, and found that 3/4 of S&P 500 companies mentioned additional AI risks compared tot heir own previous 10-K - AI-driven cyber attacks, deepfakes, energy demands, regulation (AI EU act) etc.

And, so what?

Re: The rise of AI as a threat to the S&P 500 [pdf]

#40

Post by alephnerd »

amelius wrote: post #24

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.

You do realize that all the math used in AI/ML has been heavily used in Finance for decades right?

Everything is Applied Math if you squint hard enough.

All this AI/ML doomerism and boosterism is ridiculous. If you do not understand how gradient descent works or why as of today GPUs are better suited for model training compared to CPUs you should not have a say in this discussion.

Most conversations around AI/ML appear to basically be pop-philosophy discussions that aren't even that grounded in philosophy fundamentals.

If you have trash fundamentals, you will have a trash understanding of the world.

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