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It's disturbing that machines are the ones making investment decisions concerning human needs. It explains why real innovation has stalled. Algorithms can only
by cryptica 7y ago
It's disturbing that machines are the ones making investment decisions concerning human needs.
It explains why real innovation has stalled. Algorithms can only make predictions based on existing trends and data, they
don't actually have a vision for how to improve human society.
- sgt101 7y agoThe machines are proxies for humans, they are programmed to suit humans and are turned off if they don't do what suits those humans. This is smoke and lies, it's camouflage to prevent people from focusing on the people standing on their necks.
- pascalxus 7y agoreal innovation has stalled because it has been prevented from happening by regulation. Just look at any real industry that involves creating actual things: Automotive or Housing, or Medical insurance. They're all choking from mundane regulations we never hear or talk about.
- opportune 7y agoThese machines are just trading and making value calculations on existing markets, not directly investing in businesses. I would hesitate to use the term “invest” at all, I think the term “allocate” is much more accurate