Most of our financial decisions are already algorithmically driven.

Now with this vision of the near future where e-commerce uses only AI-generated content on apps built by AI developers and AI-agents (soon?) buying it independently, money does not need a human in the middle any longer.

  • Opinionhaver@feddit.ukEnglish
    1·
    3 days ago

    I disagree with the premise that most of our financial decisions are algorithmically driven. The majority of my spending goes toward necessities that I have little to no control over - mortgage, groceries, utility bills, insurance, fuel, maintenance, and so on. I’d imagine it’s the same for most people. Very few of my purchases are something I’ve actively decided to buy.

    • _g_be@lemmy.world
      1·
      2 days ago

      You could argue that that price of these things is determined by ‘the market’ which can be algorithmically driven and thus automated to AI potentially

    • andallthat@lemmy.worldOPEnglish
      1·
      3 days ago

      Fair enough… I meant more in the sense of investment/pension funds. Or the fact that the actual value of the bills in our pockets is driven up or (more frequently) down and probably so does the interest rate of your mortgage or the price of your fuel. And maybe not for you, but the algorithms on social media do have influence on what company you choose for your insurance.