Legal and Ethical Risks
Data Cartels: Artificial Intelligence Information Heists VIII
The printing of money and the waves of bubbles have given rise to countless blogs, Substacks, podcasts on the subject. You have BIG by Matt Stroller to whet your antimonopoly urges, you have Matt Taibbi for corporate vigilantism, and Trillions a now 100 episode library on ETFs all of which are shifting the new generations relationship with ‘late-stage capitalism’ and finance for that matter. And it has also given rise to a low interest rate environment, that allows corporations to push their financial penalities into the far future by obtain almost interest-free loans.
The age of data and free money significantly tilts the information and decision-making asymmetry in the favour of the large data churning corporations. HSBC has, for example, created a new client intelligence unit that aims to apply machine learning to a 10-petabyte pool of internal data, allowing salespeople to respond to client needs and identify opportunities that may typically have been missed. When your bank knows …
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