The rapid advancements in computer processors have led to an unprecedented technological shift, giving rise to Artificial Intelligence (AI). Unlike processing power, which doubles every two years, AI’s capabilities are expanding tenfold in the same period, with scientists hesitant to predict any limits to this growth. AI is poised to transform markets into efficient entities, going beyond simplistic trading bots, and potentially depriving us of opportunities to profit where human emotion allows for the purchase of assets below fair value or their sale during communal euphoria. As AI evolves, it raises important questions about its impact on job markets, ethical considerations, privacy, and security. While AI has the potential to increase efficiency and enhance services, it also risks job displacement, over-reliance on technology, and the loss of human element.
Rise of the Machines
AI’s capabilities are expanding tenfold in the same period, and scientists are hesitant to predict any limits to this growth.
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