The AI Stock Market Wars

The AI Stock Market Wars

Before Artificial Intelligence develops free will and would even be in a sufficiently advanced position to decide if humans are necessary on this planet, we seem to be doing a pretty good job of destroying ourselves anyway by giving a dangerous amount of power over to semi-intelligent algorithms. Enter the artificially intelligent hedge fund.

But what’s this talk about “destroying ourselves”? Can these things actually kill? Well, let’s look at this way: these algorithms are designed to make profits for their owners by moving investments from one company to the other. In other words, stock market algorithms are playing with the fate of companies in order to make profits for investors. But unlike a human, an algorithm is not programmed for empathy, mercy or intuition. Such algorithms could potentially annihilate a promising company simply because it made some errors in reporting or short-term financial planning.

Stock Market Drives Companies Insane

How the Stock Market Drives Companies Insane

In the past decade, we’ve witnessed countless cases of companies breaking the law or harming the environment in their frenetic quest for profits. The most recent high profile case is Volkswagen’s cheating in the emissions scandal. Or was the toxic spill from a mine in Brazil worse? In case we’re undecided, perhaps the disastrous explosion in China can take the prize? All of these happened in the space of four months in 2015.