I forgot that most people are not so surprisingly unafraid of AI because they somehow think it is not dangerous to share the planet with a species that is more intelligent than your own, but because they still cannot imagine that it will happen.
Imagine that one of the first scalable general problem solvers is a corporate intelligence that is tasked with gaming financial markets (what we euphemistically call "trading"), it might turn out that there is no way we can stop it before it totally obliterates the world economy.
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Uh, maybe? How do returns to financial trading work today? Is it the case that the team w/ the smartest person gets most of the gains & the rest get little? If not, why wld the AI do better than a team(s) of people equal in no. to the no. of times smarter than human the AI is?
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Trading gains depend on exploiting arbitrage opportunities. The best arbitrary opportunities depend on zero day attacks on existing financial ecosystems, like Soros hacking the pound. If you are a hedge fund, you can reinvest your gains into bidding for the best quants.
End of conversation
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