According to Yuval Noah Harari, AI could cause a global financial crisis. The tool would then present a threat to everyone. And several scenarios have been put forward by this high-tech specialist.
“A financial crisis with catastrophic consequences”, is the statement made by Yuval Noah Harari. This high-tech specialist has sounded the alarm about the benchmark tool of recent years. And in his opinion, the repercussions of this crisis are numerous, unlike other threats. However, solutions have been adopted to regulate this sector.
AI-driven financial crisis: several tragic scenarios could unfold
“With AI, we’re talking about a very large number of dangerous scenarios. Each with a relatively low probability, which taken together constitute an existential threat to the survival of human civilization” Yuval Noah Harari.
Artificial intelligence has the potential to create sophisticated financial devices. These technologies will become increasingly complex, and no human will be able to decipher them. Logically, it would be impossible to regulate this scourge. “And then there’s the AI-driven financial crisis and nobody understands what’s going on “Yuval Noah Harari. Measures are needed to avoid this delicate situation.
These crises will not directly affect human civilization. In fact, they will be the source of war and conflict between several countries. In addition political, social and economic criseswill be the consequences of this AI advance.
Yuval Noah Harrari wants to reason with AI companies
The Israeli expert has backed calls for a six-month break for AI companies . This gives time to discuss a possible AI-induced financial crisis.
He was also in favor of AI companies to take responsibility for the damage caused by their products.According to Harrari, governments must immediately create institutions to identify and prevent the dangers of AI.
“This should be the main effort, not the effort to write very long and complicated regulations now.” Harrari.
Rapid reaction will be the key to limiting the threats of artificial intelligence.
10 governments come together to warn of the dangers of AI
The AI-driven financial crisis was one of the most interesting topics of the Bletchley Park security summit. 10 governments meet to discuss concerns about technological advances. The United States and the United Kingdom were among the high-profile participants. However, China’s absence from the deal was a major drawback.
“This is a big step forward,” Yuval Noah Harari declared of the collaboration. He also added: “I think it’s a big step forward. a very positive sign. Without global cooperation, it will be extremely difficult, if not impossible, to harness the most dangerous potential of AI”.
It should be noted that the British authorities were already reticent about these developments in AI. They launched the British AI Safety Institute. The USA adopted the same approach a few days later. The aim of these institutions is to understand the capabilities of AIs and introduce legislation to manage them.