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Old 05-19-2018, 09:09 AM
 
Location: Ruidoso, NM
5,170 posts, read 4,733,092 times
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Quote:
Originally Posted by PamelaIamela View Post
Of course it is. It is programmed to learn.
Just like humans.

Or some of them, anyway.
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Old 05-19-2018, 09:14 AM
 
Location: Ruidoso, NM
5,170 posts, read 4,733,092 times
Reputation: 4206
Quote:
Originally Posted by gunslinger256 View Post
Having said all that, I'm pretty sure the algorithms for wealth generation are already in place with the many trading systems currently being used. I suspect that mining new methods of wealth generation within our current financial infrastructure is where AI will be useful and even then only for a very short time until everyone else figures it out.
Wealth = valuable things.

It is important to understand the distinction between gaming the system to put $$$ in your pocket (extraction of wealth) and the production of products and services.
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Old 05-19-2018, 05:01 PM
 
1,037 posts, read 754,714 times
Reputation: 1646
Quote:
Originally Posted by Radical_Thinker View Post
it will soon surpass human intelligence by orders of magnitude
Do you understand how AI works? What it does?

AI software can complete very specific and narrow tasks better than a human can, but AI technology is nowhere near close to being a "general AI", or one that can solve problems like a wide range of problems like a human can.

And the "money generating" AI has been here for a long time. They're active every single day on Wall Street.
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Old 05-19-2018, 05:47 PM
 
Location: NYC
11,826 posts, read 7,699,774 times
Reputation: 12814
The OP is obviously a non-tech buzzword lover. Anyone that works in tech will tell you we are far far from having full autonomous tech and AI. Today's AI tech is nothing but buzzword used for wall street handouts. Every software out there today has bugs and requires teams of human workers to update code. An AI system will be one that runs parallel with lots of different software moving parts to encompass a fully multipurpose AI system. Today's AI can help you find information quickly but it is not self aware and capable of self maintenance .
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Old 05-19-2018, 05:51 PM
 
Location: Prepperland
13,117 posts, read 9,205,456 times
Reputation: 8988
Prosperity is based on prodigious production of surplus usable goods and services, not "free money."
Money is a medium of exchange to facilitate trade when barter is insufficient.
Under current conditions there is no correlation between the marketplace of goods and services and the money tokens in circulation. And the producers / laborers have no control over that money.

If ever a day arrives where most of our needs and wants are provided by non-human instrumentality, money is not necessary for the equitable trade and distribution.
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Old 05-19-2018, 05:56 PM
 
Location: NYC
11,826 posts, read 7,699,774 times
Reputation: 12814
Quote:
Originally Posted by rruff View Post
Wealth = valuable things.

It is important to understand the distinction between gaming the system to put $$$ in your pocket (extraction of wealth) and the production of products and services.
I keep hearing from millennials that they want everything automated and made into apps so they don't need to deal with workers or humans to get things done their way. We're getting closer to the 1% owning 90% of all wealth in this country and leaving 80% of the rest fighting for scraps.
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Old 05-21-2018, 11:38 AM
 
1,852 posts, read 323,469 times
Reputation: 1034
Assuming that Earth is still around in 100 years and "Star Trek"-style replicators have not become common place, the idea the OP brings up might be more applicable then.
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Old 05-21-2018, 09:20 PM
 
Location: midwest
1,350 posts, read 952,281 times
Reputation: 800
An eternal Flash Crash


https://en.wikipedia.org/wiki/2010_Flash_Crash
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Old 05-21-2018, 09:41 PM
 
5,601 posts, read 4,208,217 times
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One of the leaders in the field of cognitive science, computers and artificial intelligence, a genius and Nobel laureate, has made the following prediction: "machines will be capable, within twenty years, of doing any work a man can do."

This prediction was made by Herbert A Simon in 1965. Oops.
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Old 05-22-2018, 05:39 AM
 
Location: South Carolina
2,792 posts, read 1,677,072 times
Reputation: 1725
Quote:
Originally Posted by jrkliny View Post
One of the leaders in the field of cognitive science, computers and artificial intelligence, a genius and Nobel laureate, has made the following prediction: "machines will be capable, within twenty years, of doing any work a man can do."

This prediction was made by Herbert A Simon in 1965. Oops.

So because one person was wrong that means everyone is wrong? The technology we have now is a lot more advanced then what we had back then.
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