Just__Tyler t1_jefop6d wrote on March 31, 2023 at 5:51 PM

Reply to comment by Suolucidir in Is it possible that AI is already in control of our society. by Crazy-Mall-5301

While I don't disagree with you on AI actually controlling society, a relatively large portion of the American stock economy has been proliferated by the trading algorithm Aladdin since 1997. "[Aladdin] controls over half of all ETFs, 17% of the bond market, and 10% of the stock market." https://innotechtoday.com/blackrock-is-the-biggest-company-youve-never-heard-of/#:~:text=Aladdin%20executes%20trades%20in%20every,10%25%20of%20the%20stock%20market.

Suolucidir t1_jeg3nle wrote on March 31, 2023 at 7:30 PM

To me, this means that Wall Street and retirees(including people near retirement) should be more concerned about the implications of AI/ML than Main Street and people who still have many working years left.

Even so, it does not necessarily mean that anything bad is going to happen to Wall Street or retirement portfolios, it just means that persons more reliant on savings/investments(as opposed to active cashflows) should pay attention to the issue for their own interests.

Is that what it means to you too? Or something different/additional?