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Politics : Formerly About Advanced Micro Devices
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To: Rarebird who wrote (1057727)2/28/2018 1:49:03 PM
From: zzpat1 Recommendation

Recommended By
Cogito Ergo Sum

   of 1574005
 
I take it one step further. As machines make more and more of what the world needs the wealth created by those machines can only go into the stock market. AI will divert money from workers to non-workers (investors).

I'm sure if you recall the days when it took a long time to process a stock order. Now it takes a fraction of a second. AI has taken jobs away from people from Main Street to Wall Street. It's only going to get worse (or better depending on your perspective).

Will we need CEOs to manage machines when those CEOs have no idea how the machines work? No, the era of the CEO is coming to an end which means even more money going to investors.

Btw, I'm noticing earnings conference calls aren't online very long anymore. Some companies take them down within two weeks. CEOs know their words are irrelevant already.
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