46 books
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23 voters
Financial Crisis
“
GPT surpasses all ... when it comes to conversation, research, and writing. ... creating an algo[rithm] that sells stocks based on a large training set of materials, correlations to past crises, and commonsense heuristics aimed at not being the last one out of a burning barn is trivial. The danger ... is not in the single system but in the resonance of millions of similar systems doing the same thing at the same time. No science fiction is needed.
”
― MoneyGPT: AI and the Threat to the Global Economy
― MoneyGPT: AI and the Threat to the Global Economy
“
This ... he largest financial bailout in history ... was not just a bailout of SVB [Silicon Valley Bank]. It was a bailout of over fifty thousand SVB depositors with over $170 billion in deposits. It was a bailout of SVB's customers, it's employees, their suppliers, and the entire high-tech startup ecosystem in Silicon Valley and around the world.
...more
”
― MoneyGPT: AI and the Threat to the Global Economy
― MoneyGPT: AI and the Threat to the Global Economy
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