Wed Feb 01, 2023

The Shambling Data Mound – Flawlessly Controlling Inner Space

AI combined with control of central bank data can potentially be an existential threat to the world. This paper will discuss the implications of this technology and how it could have far-reaching impacts on the economy, global markets, and the individual.

The first point to consider is how AI and data control from central banks can affect the global economy. With the ability to access and analyze vast amounts of data, AI can provide an unprecedented level of insight into financial trends, offering accurate predictions about the future of the markets. This type of technology can be incredibly beneficial to large investors and financial institutions, such as BlackRock and Vanguard, giving them an edge over their competitors. By leveraging their access to data, these institutions can make more informed decisions, increasing their profits and gaining greater control over the markets.

However, this type of technology also introduces significant risks. Central banks are responsible for maintaining economic stability and preventing financial crises. By controlling access to data, AI can give large investors an unfair advantage. This could lead to increased market volatility and increased risk of financial instability. Furthermore, AI-driven decision-making could lead to an undesirable concentration of wealth, as large investors are able to outmaneuver smaller competitors.

The second point to consider is how AI and data control from central banks can affect the individual. With access to data, AI can make personal decisions based on a person’s financial situation. This could lead to a situation where people are discriminated against based on their financial status, with AI making decisions for them that are not necessarily in their best interest. Furthermore, individuals may be at risk of having their data used for purposes other than those intended, such as marketing or manipulation.

Finally, AI and data control from central banks can also have far-reaching impacts on global markets. With access to data, AI can make predictions about the future of markets and can be used by large investors to manipulate them. This could lead to increased market volatility, decreased market stability, and an increased risk of financial crises.

In conclusion, AI combined with control of central bank data can potentially be an existential threat to the world. This technology has the potential to increase market volatility, cause financial instability, and lead to an undesirable concentration of wealth. Furthermore, individuals may be at risk of having their data used without their knowledge or consent. While the technology may have some beneficial uses, it is clear that the potential risks far outweigh the potential rewards. It is therefore essential that central banks are held accountable for the data they control and that the individual is protected from the potential harms posed by AI.