Quote:
Originally Posted by
Excession
Income inequality should be combated by ensuring that wealth is redistributed throughout the population, rather than by banning methods which could increase society's wealth.
So, socialism?
Quote:
Originally Posted by
JackCY
the whole thing is automated for ages on a certain level already.
Distinguish between automation and AI.
In automation, someone put the rules there. In an AI, it will make the rules as it goes. Those are very different concepts.
For example if you are following a certain market, you set X amount of parameters for a choice. Like over simplifying, if a weather event is about to happen in an area that grows a lot of corn, you will know that soon there will be shortage, so you might as well pre-buy the corn now when the price is low, and sell later when the supply is short and prices go up.
But you have to know the weather affects, the area, and the corn.
On the other hand, an AI can figure out lets say that a new big housing project is about to happen, it means a lot of trees will be taken down in a certain area as the AI will figure out which company will be the best to sell the trees, which might lead to a certain change in climate area, and in turn might bring bad weather, and so, in about 1-2 months, it will mean a shortage of corn. So buy now before even the weather starts to go bad, and the price is as low as it goes.
And you don't need to tell the AI about the weather. It will figure it out on its own over time.
So while you as a person knows up to a certain distance of effect on a market, the AI can learn 3-4 or even 10 steps further than you might even be considering, and gives you a better more accurate and higher incoming solution.
Like who knew that a projected housing next year, is going to drive corn prices up significantly in 3 years?
And you might even have zero knowledge and absolutely no analytical information about corn. The AI will just figure it out on its own.
Q: "AI, what should I buy?" A: "Corn, in 10/2/2018, sell in 12/5/2018, 30% profit".
This is just an example, but you get the point I hope.