[phalynx]

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

[spokeshave]

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.

[I want the USA back]

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.”

[SkyPilot]

Ha. Ha. Ha. Ha.

[RoosterRedux]

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.

[snarkpup]

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.

[RedStateRocker]

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.

[familyop]

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

[aquila48]

Artificial Intelligence is mostly Real Stupidity.

Humans would make a big mistake by letting it loose.

[familyop]

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.

[Wuli]

Two words - index funds.

[noiseman]

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.

[Retvet]

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.