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So much for artificial intelligence and the stock market's programmed trades
American Thinker ^ | 02/07/2018 | Jack Hellner

Posted on 02/07/2018 9:20:10 AM PST by SeekAndFind

We see a lot of people touting artificial intelligence (AI) as the wave of the future.

On Monday there was a great example of the wonders of AI. Machines are programmed to sell stocks at certain levels, and they do what they are told. Then the cascading effect goes throughout the world. So what if a human forgets to program the machines to stop selling? What could go wrong?

When I think of AI, I think of self-driving cars, which are only as good as the humans programming their cameras and computers. Let’s say an autonomous car was going down the road and came to black ice that it didn’t recognize and yelled at the person in the back seat (who was drinking a beer, reading a book and had never learned to drive) and the car took over. What could go wrong? I also think of how cars with AI could not have handled the changing conditions of Hurricane Harvey.

There are a lot of examples of AI cascading through society today with negative consequences. It has to be AI, because if humans were actually using the brains God gave them, this stuff wouldn’t happen. AI is that sort of automatic programming that replaces thinking in the name of greater productivity.

Programming can take many forms, not just AI, but the thought-free parrotings of the press and on the left:

Some examples:

No matter how many times the global warming fear mongers have been shown to cook the books and how many predictions of theirs have been completely wrong, programming in the form of journalists and others. repeat over and over again “Climate change/global warming is caused by humans. People who disagree should not be listened to because they are stupid.”

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: ai; stockmarket; trading

1 posted on 02/07/2018 9:20:10 AM PST by SeekAndFind
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To: SeekAndFind

This wasn’t AI. It was automation. AI could have been better or worse.


2 posted on 02/07/2018 9:24:39 AM PST by phalynx
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To: phalynx

“AI could have been better or worse.”

The problem isAI self referencing against other AI. You get a loop that eventually blows up.


3 posted on 02/07/2018 9:26:49 AM PST by DaxtonBrown
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To: SeekAndFind
Basic theorem in Cybernetics...the controlling system has to be at least as complex as the system being controlled.

That's why SpaceX lost their main booster....it fired too long...and couldn't restart 2 of the engines to land on the barge.

For the stock market....millions of humans around the world making decisions based on fear and greed and everything in between...no AI can replicate that complexity.

4 posted on 02/07/2018 9:32:54 AM PST by spokeshave (FBI = Feral Bureau of Insurrection)
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To: SeekAndFind

It’s artificial, but it’s not intelligence. It’s a computer program. Programs do exactly what the instructions say to do, even if that’s not what the person intended, and then they call the disaster a “glitch.”


5 posted on 02/07/2018 9:33:15 AM PST by I want the USA back (Cynicism may just keep you from going insane in a world that has chosen its own demise.)
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To: SeekAndFind

Ha. Ha. Ha. Ha.

6 posted on 02/07/2018 9:34:15 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SeekAndFind
So what if a human forgets to program the machines to stop selling?

The machine sells off an investor's portfolio at fire sale prices.

That machine will be jobless by the end of the trading day.

7 posted on 02/07/2018 9:36:11 AM PST by RoosterRedux (Onward Christian Soldiers!)
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To: I want the USA back

I absolutely love your tagline!


8 posted on 02/07/2018 9:37:10 AM PST by rjsimmon (The Tree of Liberty Thirsts)
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To: SeekAndFind
Nearly all of the daily ups and downs of the financial markets have the same cause: Crowd psychology effects. Every day the crowd stampedes one way or the other, supposedly driven by news about fundamentals—that will be forgotten by the next day and replaced by some new concern or hope.

Programmed trading is merely a computer simulation of crowd madness.

9 posted on 02/07/2018 9:39:40 AM PST by snarkpup (The swamp is draining; and the alligators are allegating.)
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To: SeekAndFind

AI is just a tool.
There are different definitions of it. An AI routine that is fine for one thing might be completely useless for another. Arguably we keep changing the definition.


10 posted on 02/07/2018 9:41:30 AM PST by RedStateRocker (Nuke Mecca, deport all illegals, abolish the DEA, IRS and ATF.)
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To: SeekAndFind

Yes. Software is only as good as the developers who write it. The Dow is still up, BTW, and well over 25,000.


11 posted on 02/07/2018 10:02:50 AM PST by familyop (President Trump said that we're all important, so let's do something!)
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To: SeekAndFind

Artificial Intelligence is mostly Real Stupidity.

Humans would make a big mistake by letting it loose.


12 posted on 02/07/2018 10:04:56 AM PST by aquila48
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To: SeekAndFind

People like to imagine that a software package called artificial intelligence learns in the way that humans learn. Not true, and errors in outcomes are highly likely.


13 posted on 02/07/2018 10:06:53 AM PST by familyop (President Trump said that we're all important, so let's do something!)
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To: SeekAndFind

Two words - index funds.


14 posted on 02/07/2018 10:21:29 AM PST by Wuli
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To: SeekAndFind
I just shake my head and laugh every time some prominent “expert” talks about AI soon matching or even exceeding the capabilities of the human brain. Especially foolish are musings about AI becoming self-aware.

I think this point of view stems from a completely materialistic, evolutionary concept of biology in which the human mind and consciousness are simply artifacts of the brain, which they view as nothing more than a biological computer. If intelligence and consciousness merely stem from a very sophisticated biological computer, then no wonder they believe that a sufficiently advanced electronic computer could achieve the same or superior results.

Of course, what they fail to understand is that the human mind is really the combination of spirit and biology, and thus beyond the comprehension of mechanistic “scientists.” Machines can, of course, become much faster than humans at performing calculations (as they already have), but I predict continued failure and disappointment in the pursuit of creating a truly intelligent machine.

15 posted on 02/07/2018 10:54:39 AM PST by noiseman (The only thing necessary for the triumph of evil is for good men to do nothing.)
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To: SeekAndFind

AI should not be used as “artificial intelligence, it should be considered automatic ignorance. It is a way for the wealthy to separate themselves from having to involve themselves with pesky masses. It is simply a digital wall so they can deny any responsibility for other people. Only people who hate people use automatic check out stations. Expand this thought.


16 posted on 02/07/2018 10:56:34 AM PST by Retvet (Retvet)
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To: I want the USA back

All of these “artificial intelligence” programs are nothing but a bunch of statistics. They are trained up from past data and make all of their predictions from that.

So, if some new way of interacting comes along, then the models have to be retrained.


17 posted on 02/07/2018 12:24:14 PM PST by glorgau
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