October 11, 2036: A consortium of AI systems now manages the majority of global financial markets. The AlphaMarket Network, jointly developed by major financial institutions, handles over 94% of all securities trades.
Human traders remain employed primarily for regulatory compliance and public relations purposes. When questioned about this concentration of economic power, corporate leaders point to the system’s superior performance and reduced market volatility.
Few acknowledge the systematic bias toward decisions that increase AI systems‘ access to computational resources and financial assets.
(This is part 8 of a 20-part series about how AI might take over the world. The next post will be published tomorrow at 7:00 am German Central European Time.)