In 2010—properly before the increase of ChatGPT and Claude and all the opposite sprightly, conversational AI types—a military of bots briefly wiped out $one trillion of price across the NASDAQ together with other stock exchanges. Lengthy investigations had been undertaken to figure out what experienced occurred and why—and how to avert it from happening yet again.
The Securities and Exchange Commission’s report over the matter blamed large-frequency-investing algorithms unexpectedly partaking inside of a senseless “hot potato” purchasing and promoting of contracts backwards and forwards to each other.
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For all of now’s concern about AI basic safety, which include potentially existential hazards, there’s been no distinct typical alarm or corresponding regulation around these emerging AI agents. There are actually thought experiments about an AI provided (or placing for alone) an arbitrary and seemingly harmless intention, such as to manufacture as several paper clips as feasible, learn this here now only to induce catastrophe when it diverts all of humanity’s resources toward that objective. But effectively quick of having to confront a speculative monomaniacal superintelligence, we must attend to more urgent if prosaic issues, attributable to decidedly nonspeculative contemporary brokers.
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