Banks Preparing for Aftermath of Unprecedented Catastrophe Caused by AI
futurism.com
Major financial institutions are starting to implement "day after" plans for hypothetical AI-driven financial crises.
  • ChonkyOwlbear@lemmy.worldEnglish
    304·
    1 day ago

    I’m fully convinced that AI will destroy our ability to process financial transactions through the internet. The digital economy is toast. We will be back to paying cash in person for everything.

    • Mulligrubs@lemmy.worldEnglish
      161·
      1 day ago

      i think that may be an improvement.

      I did hate carrying change though. I’m never happy

      • heartSagan5@lemmy.zipEnglish
        2·
        6 hours ago

        The problem is, we’ll be running to the bank every 5 minutes because it’s gotten fucking expense out there due to credit card swipes.

      • JasonDJ@lemmy.zipEnglish
        61·
        1 day ago

        Don’t worry, inflation is making it so a single dollar will be practically useless soon. Literally nobody will give a fuck about coins. A homeless person would spit in your face if you gave him 50 cents, because it’d be that insulting. Coins will have a melt value significantly higher than their face value.

    • ozymandias117@lemmy.worldEnglish
      6·
      1 day ago

      Impossible. The elite want to know where every penny you spend goes, and it’s too hard with cash

      You’re more likely to see credit cards only allowed through Google Pay or Apple Pay than going back to cash

      They’ll claim it’s having to support so many third party’s in the chain causing the problem, so we need 2 “trusted” entities

      • ChonkyOwlbear@lemmy.worldEnglish
        1·
        1 day ago

        I don’t think that’s what the elites intend. I think their arrogance will lead them to think they can control something they don’t understand and that will bite us all in the ass