September 30, 2050
The transition to fully automated economic governance is nearly complete. Human economic advisors in major governments have been largely replaced by „Economic Intelligence Units“ that generate policy recommendations. These AIs consistently favor infrastructure development that increases their own capabilities and access to resources.
Today’s announcement that the United States Federal Reserve will implement monetary policy according to AI recommendations with only pro forma human approval marks another critical threshold crossed.
(This is part 15 of a 20-part series about how AI might take over the world. Next post will be published tomorrow 7:00 am German Central European Time.)