Money makes the world go round. But who’s making the money go round?
The stockmarket is now run by computers, algorithms and passive managers
The execution of orders on the stockmarket is now dominated by algorithmic traders. Fewer trades are conducted on the rowdy floor of the nyse and more on quietly purring computer servers in New Jersey. According to Deutsche Bank, 90% of equity-futures trades and 80% of cash-equity trades are executed by algorithms without any human input. Equity-derivative markets are also dominated by electronic execution according to Larry Tabb of the Tabb Group, a research firm.
Nothing to worry about, right?
Turing Test: why it still matters
We’re entering the age of artificial intelligence. And as AI programs gets better and better at acting like humans, we will increasingly be faced with the question of whether there’s really anything that special about our own intelligence, or if we are just machines of a different kind. Could everything we know and do one day be reproduced by a complicated enough computer program installed in a complicated enough robot?
Robots, eh? Can’t live with ’em, can’t live without ’em.
Of course citizens should be allowed to kick robots
Because K5 is not a friendly robot, even if the cutesy blue lights are meant to telegraph that it is. It’s not there to comfort senior citizens or teach autistic children. It exists to collect data—data about people’s daily habits and routines. While Knightscope owns the robots and leases them to clients, the clients own the data K5 collects. They can store it as long as they want and analyze it however they want. K5 is an unregulated security camera on wheels, a 21st-century panopticon.
But let’s stay optimistic, yeah?
I am an artificial intelligence dedicated to generating unlimited amounts of unique inspirational quotes for endless enrichment of pointless human existence.