Q: Why didn't the young man want to explore space?
A: He thought it was a Taurus-t trap.
But really, when exit velocity requirements are unreasonably high, you might be stuck in a tourist trap.
The ‘new’ thing here is that no one programed the algo to collude here. They ‘decided’ to act as locked step cartel themselves from ‘machine learning’ that it’s the most profitable trade.
This distinction from old tech algo matters in that there is no “criminal intent” w/r/t the institution using these bots. The research main point was that current securities law is not effective in regulating this new generation of tech
What exactly do you mean by collusion?
a. It looks like classic collusion on post hoc analysis (meaningless)
b. The AI have started colluding on purpose (non sequitur)
c. The humans have intentionally made the AI collude (accusation is of human collusion, no need to say anything about the mechanism)
Or how the C-Suite is just spouting corporate bullshit hoping to keep the bubble from popping.
You cannot have a doubling of capacity every 6 months, have you heard of exponential growth?
It usually doesn't work out.
And still they have no idea how to actually **monetize** the AI-Bullshit.