Forget the AI Apocalypse: How Algorithms Are Already Driving Our Lives

The article discusses the growing influence of algorithms in various aspects of our lives, particularly in the stock market. It highlights how algorithms are making decisions that impact human lives, often without our awareness. The key points are: 1) Algorithms are already deeply embedded in our daily lives, from social media feeds to online shopping recommendations. 2) In the stock market, algorithms are responsible for executing a significant portion of trades, with some estimates suggesting they account for over 90% of trading activity. 3) These algorithms are designed to maximize profits, often leading to high-frequency trading and market volatility. 4) There are concerns about the lack of transparency and accountability surrounding these algorithms, as they operate in a ‘black box’ with little oversight. 5) The article raises questions about the ethical implications of allowing algorithms to make consequential decisions that impact human lives without proper governance and regulation.

Source: https://www.businessinsider.com/forget-ai-algorithm-apocalypse-driving-humans-lives-data-stock-market-2024-4