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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
(www.businessinsider.com)
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this post was submitted on 16 Oct 2023
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I traded in a 2014 Toyota hatchback to Carmax and got an Audi A3 when the algorithms went haywire. It didn’t cover the whole cost but it was a silly enough trade that I thought for sure someone would call me and say it was a computer error.
Wow, what a deal! Did they say anything about how crazy that was?
No, they actually called and paid me $100 to make the swap at a lot about an hour away. I wasn’t gonna argue my way out of an upgrade so I was like, “Oh, yeah, I can drop it off wherever.” The dude who details the cars after you drop them off definitely wasn’t worried about it. He thought it was funny his bosses fucked up.