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artificial intelligence

JPM Develops A.I. Robot To Execute High Speed Trades, Put Humans Out Of Work

With high-margin FICC revenues stuck in a secular decline across the financial industry, banks are forced to extract as much profit as possible from existing product lines. Which explains why JPMorgan will soon be using a "first-of-its-kind robot" to do away with carbon-based traders altogether and execute trades across its global equities algorithms business using a "robot", after a recent trial of JPM's new artificial intelligence (AI) program showed it was "much more efficient than traditional methods of buying and selling", the FT reports.

Musk, Zuckerberg Trade Insults Over AI's "Existential Threat"

Musk, Zuckerberg Trade Insults Over AI's "Existential Threat"

Elon Musk's recent comments about AI's "existential threat to human civilization" prompted a response from Mark Zuckerberg calling the Tesla CEO's comments "pretty irresponsible." Well Musk has struck back this morning, slamming the Facebook chief's understanding of AI as "limited."

As a reminder, Musk called on the government to proactively regulate artificial intelligence before things advance too far.(Musk begins talking around 42 minutes in)

How "Nothing To Hide" Leads To "Nowhere To Hide" – Why Privacy Matters In An Age Of Tech Totalitarianism

How "Nothing To Hide" Leads To "Nowhere To Hide" – Why Privacy Matters In An Age Of Tech Totalitarianism

Via The Daily Bell,

Would you allow a government official into your bedroom on your honeymoon? Or let your mother-in-law hear and record every conversation that takes place in your home or car – especially disagreements with your husband or wife? Would you let a stranger sit in on your children’s playdates so that he could better understand how to entice them with candy or a doll?

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