http://www.cnbc.com/2015/07/09/neokamis-artificial-intelligence-app-wants-to-make-you-a-top-stock-picker.html
Although I do think we need to be careful as a society in developing artificial intelligence—and be wary of our heavy reliance on technology—I do think that the current benefits of artificial intelligence can actually make our society safer and more equitable—and thus further developments are worth pursuing. Currently most of the talk surrounding AI in our society revolves around the use of AI in developing self-driving cars, and in diagnosing diseases. However, the above article shows how AI can be used to level the playing field in global financial markets, to give individuals the same advantages as large financial firms, when it comes to buying and selling stocks. Currently, large firms have their own High Frequency Trading platforms, which use complex algorithems to forecast changes in stock markets worldwide. However, the information these HFTs generate is not currently available to the public; but a German-based tech firm—Neokami—is developing an app that will allow individuals access to the same information of large investment banks—democratizing financial information, in the hopes of reducing income inequality around the world. The success of Neokami will be its ability to develop artificial intelligence, much like the algorithims banks have developed to “predict” stock markets, and make it available to humans. I agree that to a certain extent AI on the path towards singularity can be scary, but I do not believe we should put artificial limits on our society’s research in AI, as we cannot predict the different ways in which AI can positively benefit our society, such as the development of this app.