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Christopher B's avatar

"As the business professor and AI enthusiast Ethan Mollick says, the people who manipulate AI most productively will be those with the deepest and most esoteric knowledge of the humanities."

Previous history shows that most technology is pretty rapidly adopted by sociopaths and other bad actors. The ever present phenomenon of internet spam should be a mild reminder of this. We make amazing technical strides when we're trying to kill each other.

No offense intended but you think the AI did a good job on that deposit insurance article largely because *it is the article that you would have written yourself* absent AI. There may be some utility in saving yourself wear and tear on your fingers but as far as a demonstration of problem-solving goes, it's an utter failure. The AI is just regurgitating your solution to the problem with little to no additional insight. I've seen enough examples of what AI produces when asked to answer even simple questions where it has little to no information and it doesn't honestly report back "I don't know". It goes off into production of what is readily recognized as gibberish *if you already know the answer to the question*. Given a novel problem we're never going to know if the AI came up with an innovative solution or a load of bullshit but my bet is on the later.

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javiero's avatar

In your post "The SVB story: narrative and causes" you said: "If I were in charge of designing financial regulation, rather than try to make the financial system hard to break, I would try to make it easy to fix."

Does private insurance make it easier or harder to fix in case of bank failure?

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