this post was submitted on 26 Oct 2023

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Wall Street Embraces AI Despite Risks of Catastrophe (www.vice.com)

submitted 11 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

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[–] maegul@lemmy.ml 42 points 11 months ago (1 children)

Yea ... as many have said (at least in the earlier stages of the chatGPT release/hype) ... it's not AI that you fear, it's capitalism and what it will do with and even to AI that you fear.

I feel like I've seen less talk about this essential idea as time has gone on, and I think that's rather problematic. Even if you're not stridently against capitalism, I would imagine that there's a fairly wide space in which anti-capitalists and pro-capitalists critical of the current state of affairs can find common ground on what unfettered AI usage will wreak in terms of individual's rights (proprietary and otherwise) and generating monopolising effects.

[–] Jerkface@lemmy.world 20 points 11 months ago* (last edited 11 months ago) (3 children)

I've had similar frustration with conversations that focus on how devastating AI will be, without much mention of who is responsible or how to hold them accountable. One person compared my take to "guns don't kill people, people kill people." I feel like responsibility has already been successfully deflected and we've barely gotten started. I don't even know how to have that conversation at this point.

[–] systemglitch@lemmy.world 11 points 11 months ago (1 children)

There is nothing we can do in the end. Anyone can create an AI in thier own home, and it's only going to get easier.

We could ban AI and it still won't stop it, I think we have passed the threshold.

This is a case of the cat being out of the bag...

[–] maegul@lemmy.ml 5 points 11 months ago

While the cat being out of the bag is definitely an interesting and probably wholly positive development, I would still wonder how much big corporations can flex their muscles on this front. Keep in mind, AI isn’t a finished tech, there’s most likely a large amount of room for development both gradual and categorical … plus it’s not quite settled where it’s killer applications will lie and who will have control over that, which is a market question not just a pure tech one.

[–] SlikPikker@lemmy.ca 4 points 11 months ago

And that take IS still true.

Though of course a strong argument for background checks, reasonable limits, safety, etc...

The US isn't the only country with plenty of guns, but IS the only place this keeps happening.

Plenty of countries have knives all about. Only China had spree child stabbing.

Because its about culture and social conditions.

[–] maegul@lemmy.ml 2 points 11 months ago

Yea wow, hadn’t thought about how resonant the guns debate is with this (I’m not a USian). But very on point.

I can’t help but wonder about great filters and with AI, if it is a great filter (if they even exist), it’s not so much the invention of AI as it is the improbability of arriving at its invention only after sorting through and solving a bunch of social prerequisites, and how there’s a natural tension between technological progress and social safety and caution such that who ever invents AI first will also be less “safe”, a little like the inevitable mutations that lead to cancer.

[–] Gruntyfish@lemmy.world 15 points 11 months ago

When has Wall Street ever thought more than 10 minutes ahead?

[–] nicetriangle@kbin.social 12 points 11 months ago

Shouldn't surprise anybody. This is a capitalist wet dream.

[–] luthis@lemmy.nz 9 points 11 months ago (3 children)

I strongly suspect the largest catastrophes will be to Wall Street wallets primarily.

[–] GravityisTime@kbin.social 4 points 11 months ago

naked shorting catches up one way or another. not to mention plague like swaps hidden from public view too.

[–] demonsword@lemmy.world 4 points 11 months ago

WS fat cats will always get bailed by the government, it's us plebs that are at real risk here.... lots of unemployment coming our way

[–] Jerkface@lemmy.world 3 points 11 months ago

Yes, it will be described in exactly that way, but only in the wake of the next largest transfer of wealth from the middle class and the poor to the rich, which will get a shrug at best.

[–] mojo@lemm.ee 4 points 11 months ago

No need to stop them, let them crash lol