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JOHAN STEYN: Is AI on a path to economic catastrophe?
There are warnings that artificial intelligence could precipitate a financial debacle of unprecedented scale
The amazing capabilities that enable artificial intelligence (AI) platforms to streamline operations and churn through data at superhuman speeds could also be its Achilles heel, and ours. As AI systems become more intricate, the financial systems they’re designed to enhance or, in some cases, control, could become impenetrably complex.
The question that looms large in boardrooms and government halls alike is whether our relentless pursuit of AI is leading us down a path of economic ruin. Voices from various sectors — ranging from tech visionaries to seasoned economists — have started to sound the alarm. ..
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