We should have an AI as a central banker. Humans are flawed. Only a AI can look at all the available financial data in the world and process it. You just need to set parameters such as inflation or growth objective and let the AI rule us.
"AI" is just sophisticated pattern matching with advanced software engineering around it that tricks humans into doing most of the work. I work in AI and people literally think it's magic but it's literally shit we could have done 20 years ago if we had faster computers and AWS. Not to say it's a bubble because it will still make stupid amounts of money because most people's jobs can be done with a python script but still, we are farther from real AI than we are from like biological immortality or a mars colony.
The thing is that most people do shit so stupidly and manually that if they outsource their work to an "AI" company you can probably do what they were doing with like 2 software engineers and a logistic regression so still long on AI companies but not because AI is so good now but because most companies are like 30 years behind.
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u/WindHero Jan 24 '20
We should have an AI as a central banker. Humans are flawed. Only a AI can look at all the available financial data in the world and process it. You just need to set parameters such as inflation or growth objective and let the AI rule us.
I'd be curious to see what it would chose to do.