It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
Garry Gensler told the Financial Times that AI could cause a financial crash as soon as the late 2020s or early 2030s.
It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says::undefined
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I mean, a few communities I'm a part of have been warning about this since c. 2014, so I think he's actually correct in his prediction. I haven't read the article, but I don't think any solution he'd propose would be good regardless, so I think I'll just save my time. TLDR: failing a real leftist paradigm shift, we need global welfare like 5 to 10 years ago and UBI.
We need ubi. But that funding for a ubi program needs future predictions of economics.