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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
(www.businessinsider.com)
this post was submitted on 16 Oct 2023
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Technology
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I don't know why everybody keeps downplaying where AI is already at and the speed at which it is improving. It can already disrupt multiple industries with where image, voice, and LMM AI is at right now.
For me personally it's not that I want to downplay it, it's that I want to balance the scales. I see far more over-estimating of AI happening than downplaying.
The current form of AI is great as a tool and sadly there are definitely jobs out there that are nearly completely replaced by this tool. But that scope isn't about to change much based on where we are currently at. Many jobs require actual intelligence to make judgment calls, and the current form of AI just isn't going to cut it here as it has no real intelligence.
Of course, that won't stop dumb business leaders from still trying to use AI here, but that's an error in judgment that imo will correct itself over time.