An TraderAGI could paralyze the stock market for 36 hours

11 Nov 2023 · 1 min

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This content was created by Charles Cormier. This content was uploaded by Charles Cormier. This is a YouTube video titled "An TraderAGI could paralyze the stock market for 36 hours" (created 2023-11-11) containing a short, multi-speaker discussion between two unnamed speakers. They discuss the risk that an automated trading AGI could severely disrupt or "paralyze" markets for on the order of a day to ~36 hours, contrasting high-frequency trading (many rapid small trades and rapid responses) with a macro-level modeling approach (arguing it may be easier to model macroeconomic movements and run scenarios than to replicate HFT behavior).

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Charles Cormier.

2023-11-11.

Chapters

Well, substantially crack it, you know, and potentially paralyze the full market for, let's call it a day or 36 hours. Definitely.
Yeah. I. I don't think it's that complex. You know, I think that there's something about understanding very quickly what's happening in terms of, like, high frequency trading and making decisions based on that and responding very quickly, making, you know, a million small, little trades in a single day, versus like, trying to understand macroeconomic activity and how that all ties together. You know, our bet is that it's a lot easier to crack it at a macro level. I. I think it's the wrong. I think there's something much simpler than AGI that we can build to, like, properly model macroeconomic movements and, like, run out these different scenarios.