logoalt Hacker News

dv_dttoday at 6:53 PM2 repliesview on HN

Of course it can fail, just like the AI circular investment moves can fail just like the Soviet Union failed. Too much decisive power in too few hands, disconnected from reality, disconnected from competition, disconnected from outside community criticism. It fails open loop. A lot of money can temporarily buffer the failure, but already we see world wide inflation and interest rate increases from the open loop decisions of the most powerful class.


Replies

szniotoday at 7:13 PM

or it can not fail, like North Korea

show 1 reply
s_devtoday at 9:09 PM

Look at Silicon Valley Bank that was also "too big to fail" and when it did the taxpayer had to bail it out. If something is too big to fail, it's too big, the regulator should have stepped in earlier to chop it up.

show 1 reply