The nerds have won including taking over the financial markets. But like other nerd-led processes (think computers and smart phones) things can sometimes go wrong.
AI-equipped computers are taking over financial markets – including portfolio management – in ways that real life air breathing humans only, ‘partly understand.’ It will demand new regulation – from a group of people who also, ‘partly understand.’
As we look forward to a new Terminator movie, we can rest assured we are nowhere near the stage of armed metamorphosing killing machines driving trucks through fire. However us humans are teetering right on the edge of ceding control to computers systems for major parts of our lives. That will be fine if it works.
If it works.