WEF warns: AI could lead to collapse in the global financial system

There’s little doubt that artificial intelligence will reshape the world as we know it. It’ll revolutionize the way we do business, communicate, and even raise our kids. Presumably, the benefits of AI will outweigh the bad, but a new report from the World Economic Forum (WEF) shows we might just have to weather a global crisis before we ever get the chance to find out. The problem, according to the WEF, stems from the way global financial markets are incorporating machine learning and AI. “The dynamics of machine learning create a strong incentive to network the back office,” says the…

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https://ift.tt/2BfXYHP Bryan Clark August 15, 2018 at 09:00PM