eicker@lemmy.world to Technology@lemmy.worldEnglish · 2 days agoBanks Preparing for Aftermath of Unprecedented Catastrophe Caused by AI: "You can't stop it."futurism.comexternal-linkmessage-square88fedilinkarrow-up1435arrow-down113
arrow-up1422arrow-down1external-linkBanks Preparing for Aftermath of Unprecedented Catastrophe Caused by AI: "You can't stop it."futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 2 days agomessage-square88fedilink
minus-squaretormeh@discuss.tchncs.delinkfedilinkEnglisharrow-up100·1 day agoI find the article’s premise that optimizing individual returns will wreck the banking system very dubious. In all other parts of the financial system (risk-adjusted) greed is good, but when retail customers do it then it’s bad?
minus-squareogy@fedia.iolinkfedilinkarrow-up88·1 day agoAlmost like the system is designed to increase wealth inequality 🤯
minus-squareBeMoreCareful@lemmy.worldlinkfedilinkEnglisharrow-up2·10 hours agoI think people don’t appreciate how small a piece retail investors really have.
I find the article’s premise that optimizing individual returns will wreck the banking system very dubious. In all other parts of the financial system (risk-adjusted) greed is good, but when retail customers do it then it’s bad?
Almost like the system is designed to increase wealth inequality 🤯
I think people don’t appreciate how small a piece retail investors really have.