Artificial Intelligence will be Crashing the Stock Market in 3, 2, 1…

AI-Stock-Market-1

Futurist Thomas Frey: A few weeks ago, Stephen Hawking opened the world’s eyes to the dangers of Artificial Intelligence (AI), warning that it has the potential of outsmarting humans in the financial markets. But few people realize that we are already in imminent danger of this happening.

 

 

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The dangers of stock trading with highly automated systems

High-frequency trading.

Futurist Brian David Johnson describes his job as a “futurehunter” and his fascination with both algorithmic trading and high-frequency trading (HFT) in this excerpt from Humanity in the Machine: What Comes after Greed?. Both methods use computer programs to automate and accelerate the execution of certain financial transactions. Yet heavy reliance on such technology in the finance world can be dangerous—the Flash Crash of 2010 cited by Johnson stands out as a prominent example.

 

 

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Warren Buffett Sees “Long, Deep” U.S. Recession

 Warren Buffett Sees “Long, Deep” U.S. Recession

Whenever we get in a jam, we turn to Nebraska for advice

The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.

He said the United States was “already in recession” and added: “Perhaps not in the sense that economists would define it” with two consecutive quarters of negative growth.

“But the people are already feeling the effects,” said Buffett, the world’s richest man. “It will be deeper and last longer than many think.”

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