Bank of England Says AI Software Could Create Market Crisis For Profit (theguardian.com)
- Reference: 0176991725
- News link: https://slashdot.org/story/25/04/10/0652258/bank-of-england-says-ai-software-could-create-market-crisis-for-profit
- Source link: https://www.theguardian.com/business/2025/apr/09/bank-of-england-says-ai-software-could-create-market-crisis-profit
> Artificial intelligence's ability to "exploit profit-making opportunities" was among a wide range of risks cited in a report by the Bank of England's financial policy committee (FPC), which has been monitoring the City's growing use of the technology.
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> The FPC said it was concerned about the potential for advanced AI models -- which are deployed to act with more autonomy -- to learn that periods of extreme volatility were beneficial for the firms they were trained to serve. Those AI programs may "identify and exploit weaknesses" of other trading firms in a way that triggers or amplifies big moves in bond prices or stock markets.
[1] https://www.theguardian.com/business/2025/apr/09/bank-of-england-says-ai-software-could-create-market-crisis-profit
Right (Score:4, Funny)
As if we didn't have (algo) trading for decades to do that? And as if we don't have Trump nowdays, so why waste all the engineering effort with AI, he does it just as well.
Re: (Score:2)
Traders need to control their own agent of chaos and someone
Who needs autonomous AI ⦠(Score:4, Insightful)
when an American president is already doing all this?
Re: (Score:2)
Wait, you know you are kind of agreeing with the parent post right?
Either that or you are arguing that this dip was necessary to happen to drive the stock market up further? Despite the fact that it's clear from your chart the market was already trending upwards. Sure your *1-day* trend line helps your case but why not take a look at the 1-Year and get back to us. Trump once again one-upped by the counterfactual of if he did absolutely nothing instead of using what's left of his brains.
Like there's no way
Re: (Score:2)
Yes, and the president of the US reversed course on trade completely.
So the whole "dip" was due to a brave dash by the morons in the trump administration that have no idea what they are doing.
Now, why did they reverse the course?
Re: (Score:2)
Well, [1]some people used this crisis for profit [ibtimes.sg] but I don't think Marjorie Taylor Greene counts as AI, this is more a classic case of insider trading.
[1] https://www.ibtimes.sg/marjorie-taylor-green-makes-massive-stock-market-moves-secure-her-money-just-days-before-trumps-79356
Take only the markets go back to the 1950's (Score:2)
All trades must be done on the floor by a human yelling at another human. [1]You got greedy Martin. [youtube.com]
[1] https://www.youtube.com/watch?v=h-Z8_Mzmqgk
never trust bankers (Score:4, Interesting)
[1]https://historyheist.com/the-r... [historyheist.com]
[1] https://historyheist.com/the-rothschilds-waterloo-of-british-finance/
TwinkieGPT (Score:1)
Add it to the growing pile of Bottageddon scenarios.