AI's Impact on Financial Systems

Cows know that humans exist. They can see us.

Mm-hmm.

But cows don't know that money exist.

Mm-hmm.

Like, I can sell you a cow and you transfer money to my bank account.

This is invisible to the cow. Even if you're an animal rights

activist and you try to explain to the cow, "Look, there is this thing

called money, and there is the stock exchange, and there

is the bond market,"

how do you explain the bond market to cows even though it controls

their lives?

Mm-hmm.

What's happening now or in the near future, it's not

that AIs will

create r- will be robots that will come in the street and shoot us.

The AIs are taking over the financial system.

Mm-hmm.

They are taking over all the bureaucracies because they are bureaucratic

natives.

For us, most of us, bureaucracy is difficult, is alien

because we are millions of years older than the bureaucracies.

Bureaucracies were invented just in the last 5, 10,000 years.

Mm-hmm.

We were born in the forest, not in the office, so it's alien to

us. For AIs, bureaucracy is

home. They were born in the office. They are bureaucratic natives.

No human banker can remember all the transactions of the

bank. An AI banker can. They will take

over the bureaucracies like the financial system, create

much more sophisticated financial systems and legal systems that we

can't understand. So just as cows can't understand

the financial system that controls their lives today,

we will not be able to understand the AI financial

system that will control our lives in 10 or 20 years.

Which means that we are the cows of the future.

We are the cows of the future.