this post was submitted on 26 Oct 2023
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Wall Street Embraces AI Despite Risks of Catastrophe (www.vice.com)
submitted 1 year ago by [email protected] to c/technology
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[–] [email protected] 9 points 1 year ago (3 children)

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

[–] demonsword 4 points 1 year 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

[–] [email protected] 4 points 1 year ago

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

[–] Jerkface 3 points 1 year 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.