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The future looks bleak...
(lemmy.world)
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this post was submitted on 13 Nov 2023
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Honestly these guys would be the easiest shit for AI to replace right? Even if the AI just picks ETFs it'll beat most of them anyways
They were already replaced nearly 50 years ago when index funds were invented. There's tons of data showing that financial advisors perform worse than a simple low fee index fund.
Sure, until it’s just AIs running markets, and then companies. Neuromancer is literally about AIs running massive multi-generational businesses. And then super fast whatever the best AI is pursues instrumental convergence to completion
https://en.m.wikipedia.org/wiki/Instrumental_convergence
https://m.youtube.com/watch?v=rgrCG8PT6og
There's an app for Android that's an idle game based on the paper clip theory
Makes sense. Universal Paperclips has been out for 6 years and is the classic