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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says(www.businessinsider.com)

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It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined

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dack@lemmy.world
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Greatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.

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iByteABit [he/him]@lemm.ee
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If they haven’t done all this until now, what makes you think they’ll do it then?

The rich will get off unscathed with a blank canvas to work on, and the poor will pay the price, just like with every other market crash.

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