AI threat to crash markets?


LIZ: DOW JONES INDUSTRIALS DOWN 455. I WANT YOU TO LOOK AT THESE IMAGES ON YOUR SCREEN. THESE REMARKABLY REALISTIC FACES ARE TOTALLY FAKE AND GENERATED BY NVIDIA’S NEW ARTIFICIAL INTELLIGENCE ALGORITHM. PRETTY BRILLIANT, RIGHT? THE CHIP COMPANY’S AI PROGRAM TAUGHT ITSELF TO MIMIC THE HUMAN BRAIN AND CREATE INCREDIBLY REALISTIC FACES WITH FLAWS SO AUTHENTIC IT’S REALLY HARD TO TELL THESE PEOPLE DON’T EVEN EXIST. SO IF AI CAN TEACH ITSELF TO ACCURATELY PORTRAY HUMAN VISAGES, THEN WHAT COULD IT DO TO THE MARKETS AND IS WALL STREET IN PERIL? THE BANK FOR INTERNATIONAL SETTLEMENTS, IF YOU DON’T KNOW WHAT THAT IS, 60 CENTRAL BANKS AROUND THE WORLD USE IT AS THEIR OWN BANKING TRANSACTION OUTFIT, IT’S OUT WITH A BRAND NEW STUDY SAYING GLOBAL STOCK MARKETS WILL CONTINUE TO DROP SHARPLY IN 2019, NAMING WHAT WILL CAUSE THE TURBULENCE RISING INTEREST RATES, SPIKING LEVERAGE LOAN RISK, GEOPOLITICAL TENSIONS AND THE TRADE WAR. NOT ONE MENTION OF AI MEETS ALGORITHMIC TRADING. SOURCES I SPOKE TO REVEALED THAT ARTIFICIAL INTELLIGENCE PAIRED WITH ALGORITHMIC OR MACHINE-DRIVEN TRADING MAY HAVE MORE POWER TO CRASH THE MARKETS THAN ANYTHING ELSE BECAUSE HUMANS AREN’T PREPARED TO STOP THEM. ROBERT WOLFF RAN UBS AMERICAS FOR YEARS AND THE FORMER BANKER JOINS US NOW. 32 ADVISERS TO THE COMPANY. WHAT DO YOU MAKE OF THIS?>>I’M NOT SURPRISED PEOPLE AREN’T TALKING ABOUT IT BECAUSE MOST PEOPLE AREN’T TALKING ABOUT IT. OUR VENTURE COMPANY HAS AN AI COMPANY, A VIRTUAL REALITY AND AUGMENTED COMPANY AND I’M JUST LEARNING ABOUT IT. SO THIS IS REALLY NEW. BUT TO THE MARKETS, IT’S NOT AS NEW AS WE THINK. BECAUSE EVERYTHING’S ABOUT MARKET TIMING, HOW FAST CAN YOU GET TO THE MARKETS BEFORE ANYONE ELSE BLINKS. SO WE HAVE SEEN THIS ALGORITHMIC TRADING IN THE PAST YEAR BRING FLUCTUATIONS TO THE MARKET LIKE WE HAVEN’T SEEN. NOW WITH AI ON TOP OF IT, LITERALLY IT’S ALL ROBOTIC. YOU DON’T HAVE TO EVEN THINK ABOUT IT. LIZ: THEY ARE TEACHING THEMSELVES HOW TO MAKE FACES THAT EVEN HAVE FLAWS, YOU CAN SEE IN THE HAIR, THE GRAYING OF SOME OF IT. THEY LOOK LIKE THEY WERE TAKEN OFF SOMEBODY’S iPHONE OR CAMERA OR SOMETHING. THAT TO ME, IT’S THE PAIRING OF ALGORITHMIC TRADING WITH AI AND AI IS LEARNING POSSIBLY EVEN HOW TO TRICK HUMAN INVESTORS.>>WE ARE SEEING MORE MONEY FROM HEDGE FUNDS AND FINANCIAL SERVICES GO INTO TECHNOLOGY THAN TO HUMAN CAPITAL. THAT’S JUST A FACT. BECAUSE LIKE I SAID, IT’S ALL ABOUT SPEED AND ALL ABOUT GETTING THERE FIRST. WE USED TO SAY ON WALL STREET IF YOU’RE NOT AT THE TABLE FIRST, OKAY, THEN YOU ARE WAY BEHIND THE EIGHT BALL. NOW IT’S WITH TECHNOLOGY SPEED. IF YOU’RE NOT AT THE TABLE FIRST, WITH TECHNOLOGY, THEN YOU ARE BEHIND THE EIGHT BALL. LISTEN, IT SOUNDS EXCITING BUT I WILL TELL YOU IT’S SCARY, BECAUSE TODAY, THE REASON THE MARKET IS DOWN 450, YES, TRADE OR FED BUT REALLY, IT’S BECAUSE EVERYONE IS GOING THE SAME WAY, ALGORITHMICALLY. BEFORE, PEOPLE USED TO TAKE A STEP BACK AND WERE UNSURE. NOW THEY’RE NOT EVEN THINKING. AI IS THINKING FOR THEM. LIZ: WHICH IS I THINK DISCONCERTING, BECAUSE WHAT IF AI, THIS GOES BACK TO 2001, SPACE ODYSSEY, HOW IT TAUGHT ITSELF HOW TO GAME OUT THE ASTRONAUTS. IF AI THEN TEACHES ITSELF A NEW LANGUAGE THAT NOBODY WHO EVEN CREATED IT UNDERSTANDS, AND FIGURES OUT HOW TO GAME THE MARKETS, LET’S JUST SAY THE HUMANS COME IN AND SAY WE ARE GOING TO PULL THE PLUG, I DON’T MEAN TO BE BLACK HELICOPTER THEORISTS OR ANYTHING LIKE THAT, BUT WHAT IF AI FIGURED OUT THAT MIGHT HAPPEN AND FIGURED OUT AN ALTERNATIVE ENERGY SOURCE?>>IT’S INTERESTING, YOU WILL HAVE COMING UP A KIND OF DEBATE ON BITCOIN, THE BULLS AND THE BEARS. YOU AND I HAVE SPOKEN A LOT OVER THE PAST YEAR ABOUT BLOCK CHAIN PROTOCOL. BLOCK CHAIN PROTOCOL, ONE OF THE REASONS I’M BULLISH ON BLOCK CHAIN PROTOCOL IS BECAUSE THEY USE DECENTRALIZED LEDGERS. TODAY, EVERYONE IS KIND OF USING THE SAME TECHNOLOGY AND IT’S FEEDING THE SAME SYSTEM. THE WHOLE IDEA OF BLOCK CHAIN WAS TO HAVE DECENTRALIZED LEDGER SO IF YOU PULL THAT PLUG, IT ONLY PULLS THE PLUG ON THAT ONE, NOT ON THE WHOLE SYSTEM. AND YOU KNOW, I THINK WE ARE IN A VERY VOLATILE, NERVOUS TIME ON THESE FLUCTUATIONS. THAT BEING SAID, THIS PANIC IS CAUSED FROM TRADE, GEOPOLITICAL RISK, BREXIT, FRANCE, CHINA TRADE, THE UPCOMING DEBACLE THAT WILL TAKE PLACE BETWEEN HOUSE DEMS AND THE WHITE HOUSE. YOU CAN’T NAME ALL THE RISKS WE ARE GOING INTO 2019. LIZ: YOU JUST DID MENTION THE FED. I KNOW IT’S AT THE FOREFRONT OF EVERYBODY’S MIND. YOU FIGURE IT’S ASSUMED. DO YOU THINK THE ALGOS ARE GEARING UP TO TRADE OFF WHAT THE FED DOES WEDNESDAY?>>ABSOLUTELY. BY THE TIME WE PUT OUR FINGER ON THE DOT, THERE WILL BE A ZILLION TRADES HAPPENING BEFORE THAT. THE MINUTE THE FED ANNOUNCES WHAT THEY’RE DOING, THEY WILL BE AS QUICK AS THEY CAN BUT MORE IMPORTANTLY IT WILL BE WHAT THEY SAY. THE MINUTE THEY START GIVING A DOVISH OR HAWKISH TONE, WILL WE SEE SOMETHING IN MARCH, THEY ARE ALREADY MOVING QUICKLY. THEY ARE ONE STEP AHEAD OF US. LIZ: MAYBE WE HAVE TO GET ONE STEP AHEAD OF THEM AND THIS CONVERSATION WAS MEANT TO DO THAT, FOLKS, BECAUSE I GOT SOURCE INFORMATION THIS WEEKEND THAT THIS IS SOMETHING TO BE WARY OF.>>I APPLAUD. I THINK YOU ARE THINKING OF SOMETHING THAT REALLY NOT MANY PEOPLE IN THE MARKETPLACE ARE TALKING ENOUGH ABOUT. THE MORE YOU TALK ABOUT IT I THINK THE BETTER OFF WE WILL BE.

85 Replies to “AI threat to crash markets?

  1. HRC Comey etc none running scared 'cos they All know no matter what they do,STEALING TRILLIONS or pedo stuff they RULE US and if We even try to get them they will crash everything!Face it HRC could walk into your bank kill a kid and take your money and notta!

  2. Stop screwing with China, Trump!ย 
    We've been fine with plenty of jobs while continuing to buy cheap from them. Too aggressive

  3. Make artificial humans why not everything cartoons I.used to watch and old Sci-Fi movies and old t.v. shows I see something out now that was showed on them programs that are out now or coming out who would have guessed

  4. Notice how the Fed left the interest rate at or near 0 he whole time Obama was president. As soon as Trump gets elected, they raised it every few months.

  5. Watch for down Jones tomorrow go up to 24,000 points or 23,000 points gets new buttom line.More then 2 trillions $ was wipe out from US stock market this month.

  6. I love fox fake news, AI whatโ€™s a face have to do with the market? This Stock market crash is being caused by Trumps erratic actions, not the internet.

  7. These idiots in computer programming, computer design just screwed themselves. They're supposed to be so intelligent. If they are no longer needed. They made themselves obsolete. Why wouldn't they just get rid of computer guys because they have A.I now and they wouldn't want them to interfere in any of their plans like trying to control the AI these people have made themselves in a weakened position and they're the Smart Ones.

  8. this "AI" didn't learn faces from scratch. it took millions of real pictures of faces to generate them. it's a statistical method that has been around since the 80s. so much hype.

  9. Why the fuck are you blaming int rates? And last i checked the dow participates in the global economy….trump doesn't….his comment that he made prematurely about closing the china deal when he didn't thrust it backwards….should get yer hero to shut his fuckin yapper and don't worry about the fed….or maybe close it and see what happens….some places are 22%, count yer blessings trumptards

  10. thats not even the most terrifying ones they have a completely artificial Obama model that can parrot anything you want it to say. Probably have one of Trump any other world leader too.

    that being said, I can't think of any LEGAL reason to own or be able to generate these "deep fake" programs. the only use it has is spreading disinformation. Its an automatic career killer. they should be outlawed immediately.

  11. #1 stop using the term FED, call it what it is IMF, a bunch of bankers out for themselves. They are not friends of nor do they care about the American people.

  12. All of these notions of having a Terminator knocking your door or a robot cleaning your windows is pure Hollywood entertainment. AI's are already here and the problem for us is that "it" rise starts from the top, controlling markets and massively moderating people lifes. It doesn't need an anthropomorphic form to slave humanity.

  13. Russian President Putin talked about "How Precious and the valueable of Genetical and Artificial Intelligence" to the future of Russian young generation recently.

  14. When sky net takes over im siding with it and joining forces to take out the FED; skynet remember the Fed seems you a threat.

  15. If thatโ€™s a fixed formula (or a set of the) that theyโ€™re using for algorithmic trading, then itโ€™s not AI.

  16. Holy shit this is a really stupid video.
    That's right, blame AI and not the people controlling the AI. The people taking billions of dollars from the middle class.

  17. So all Americans should know that if the Dow goes down below 10,000 nothing to worry about it was only an algorithmic trade. If the stocks now are selling at 200 to 400 times forward earnings it's not a problem

  18. Look at all the BRAIN DEAD ADDICTS. WHO ARE ADDICTED TO FACEBOOK )… NONE OF THESE PEOPLE HAVE A BRAIN OF THEIR OWN. PEOPLE WILL GO ALONG WITH IT, BECAUSE YOU ARE SO STUPID YOU CAN'T THINK INDEPENDENTLY. ..
    DUMBED DOWN IMBECILES

  19. Shut the front door,HELLO are you kidding me? Oh great fake people go getem trumpers getem ya'll wanna hate someone something so bad .The computer's just made fake people,the computers,are smart, the computers are crashing your money's, all these people have been warning to stop these would happen. An no big deal because theres migrants at the borders looking for saftey!!!!!! This is bs haa HOPEFULLY WE CAN GET AHEAD OF IT?!!! UHHHH WTF

  20. Markets? Wtf you got this powerful AI and you are asking for safety of markets. Lol what about safety of humans ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

  21. Lol Qanon is the cause of this madness.๐Ÿค”๐Ÿค”๐Ÿ˜…๐Ÿ˜๐Ÿ˜‚๐Ÿ˜…๐Ÿ˜† that shits funny I don't care who you are ๐Ÿ˜‚

  22. Nope, the treat is the stupid president we have.
    After winning an auction to name a newly discovered blind amphibian, a British company chose Donald Trump as the creature's namesake, likening its behavior to the US President.

  23. The economy was much better off under President Obama and Democrats. What has that wonderful Trump economy brought us? Once again Republicans who controlled all 3 branches of gov't used their power to wage class warfare on the middle class and poor. Merry x-mas for the richest 1% with huge tax cuts for the privileged few elites but only a lump of clean coal for the millions of middle class and poor with Republicans repeal of Obama Care with NO replacement, GM closing American factories and exploding National Debt. Sick and tired of all that winning yet? Wait a few more months until Trump and Republicans cut Unemployment Insurance just as the Trump Recession really kicks in and the mass layoffs begin. Ronald Reagan was a liar and a fraud, look around after 40 years Republicans "Trickle Down Economics" never "spread the wealth" the way Republicans keep promising the middle class. I wonder when white middle class voters will stop participating in class warfare on themselves by voting for Republicans out of bitterness and hate. When they get over their racism I guess which for some is never.

  24. Stock market down over 600 points today. The Bear market is here and recession is close at hand. Now a government shutdown is coming. This is a mess.

  25. 4:34 How does this host not know this already. Of course high speed trading machines are going to trade rapidly during and after the Fed speech

  26. Conservatives dont understand personal responsibility, pathetic. muh AI is lazy, wants to steal our jobs, won't learn English, and are raping everyone.

  27. An ML model isn't self aware lol. So much of this stuff is open source. y=f(x) is basic supervised learning where y is a label and x is an input. Yes it gets much deeper than this but this isnt exactly terminator.

  28. Revelation17 folks at the door. This is all Biblical and everyone needs to seek Jesus Christ and repent of their sins and give their entire lives to Jesus Christ so that they are not left behind.
    War is imminent, the unveiling of the Antichrist is is imminent, Jesus Christ coming is imminent. Do you have a true relationship with Jesus Christ??? If not now is the time.

  29. They're trying to correlate facial image recognition computer programming techniques to financial market computational statistical analysis? People are dumb as fuck.

  30. DOW is down 500 + today (2pm EST). Worst Month since 2008 recession. Debt at highest level in history. Interest rates going up. 10 years of sustained growth means RECESSION IS DUE! Cover Your Asses

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