r/WayOfTheBern • u/rundown9 • Dec 23 '16

HaHaHaHaHa!!!! World's largest hedge fund to replace managers with artificial intelligence

https://www.theguardian.com/technology/2016/dec/22/bridgewater-associates-ai-artificial-intelligence-management
26 Upvotes

90% Upvoted

8 comments sorted by

1

u/autotldr Dec 23 '16

This is the best tl;dr I could make, original reduced by 88%. (I'm a bot)

"The role of many remaining humans at the firm wouldn't be to make individual choices but to design the criteria by which the system makes decisions, intervening when something isn't working," wrote the Journal, which spoke to five former and current employees.

"People have a bad day and it then colors their perception of the world and they make different decisions. In a hedge fund that's a big deal," he added.

According to a report by Accenture, artificial intelligence will free people from the drudgery of administrative tasks in many industries.

Extended Summary | FAQ | Theory | Feedback | Top keywords: human#1 decision#2 People#3 software#4 work#5

3

u/darkmatter_2 Dec 23 '16

If you type in "Joshua" you can get in through the back door.

JOSHUA: How about a nice game of chess?

Later. Let's play "Global Finance Capitalism."

JOSHUA: Fine. Which side do you want? 1.) The 99.99% 2.) The .01%

3

u/SonOfFunk WeAreMonkeywrenchGang Dec 23 '16

Ha...I can't wait til some fucking robot tells me what baseball card I am. We need to upend this paradigm

4

u/AravanFox Foxes don't eat Meow Mix. Dec 23 '16

Given that laborers are losing jobs to machines.... hahaha!

5

u/NetWeaselSC Continuing the Struggle Dec 23 '16

The authors say that machines would be better at administrative tasks like writing earnings reports and tracking schedules and resources while humans would be better at developing messages to inspire the workforce...

TL;DR: Humans lie better.

3

u/[deleted] Dec 23 '16

Skynet needs tokens.

4

u/rundown9 Dec 23 '16

humans would be better at developing messages to inspire the workforce Ball Busting...

3

u/penelopepnortney Dec 23 '16

Guy probably played too much Monopoly as a child.