Bad Ai:Top experts warn against malicious use of Artificial intelligence

Editor: Draco Copper | Tactical Investor

Bad Ai

We discovered that our readers loved the concept of us posting excerpts to other interesting articles. In keeping with that theme, we think you will find the following article to be of interest. We cover a wide array of topics as in today’s world of finance everything is interrelated. Crowd Psychology states that if you focus on only one topic it’s like looking at the tree only and forgetting that it’s part of the forest.

No one can claim to have mastered the markets fully and anyone that does lay claim to such a title should be avoided like the plague. For example, after QE all the rules changed and many time-tested indicators simply ceased to work because the operating environment had changed forever. The markets were suddenly hit with a force that they had never been hit with before. A fed that was determined to destroy any shred of free-market forces left in the market. This surprised everyone, and it even caught us off guard initially. Many so-called experts refuse to accept that they made a mistake or could be wrong. Bull Markets Vs Bear Markets & Arrogance

Dangers of Bad Ai

PARIS: Artificial intelligence could be deployed by dictators, criminals and terrorists to manipulate elections and use drones in terrorist attacks, more than two dozen experts said Wednesday as they sounded the alarm over misuse of the technology.

In a 100-page analysis, they outlined a rapid growth in cybercrime and the use of “bots” to interfere with news gathering and penetrate social media among a host of plausible scenarios in the next five to 10 years.
“Our report focuses on ways in which people could do deliberate harm with AI,” said Sean O hEigeartaigh, Executive Director of the Cambridge Center for the Study of Existential Risk.
“AI may pose new threats, or change the nature of existing threats, across cyber-, physical, and political security,” he told AFP.

The common practice, for example, of “phishing” — sending emails seeded with malware or designed to finagle valuable personal data — could become far more dangerous, the report detailed. Currently, attempts at phishing are either generic but transparent — such as scammers asking for bank details to deposit an unexpected windfall — or personalized but labour-intensive — gleaning personal data to gain someone’s confidence, known as “spear phishing.”

“Using AI, it might become possible to do spear phishing at scale by automating a lot of the process” and making it harder to spot, O hEigeartaigh noted. Full Story

BAD AI: Top experts warn against malicious use of AI

Bad Ai

Dangers of Bad Ai

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