Electronic enthusiasts eight o'clock in the morning: In recent years, artificial intelligence has long entered the high-end position. In addition to Wall Street traders, high-end positions such as lawyers, accountants, and doctors (sheng) are also being largely replaced by AI.
According to reports, Wall Street giant JPMorgan Chase will use the first robot, the artificial intelligence code-named LOXM, to execute the global stock algorithm business. The trials at European banks since the first quarter of this year show that LOXM is more efficient than traditional trading methods and plans to expand to Asia and the United States in the fourth quarter.
In other words, in the future, JPMorgan Chase will use technology in an innovative way, using modern high-frequency trading models to provide stock trading advantages for liquidity capital. However, this move has sparked market debates, which proponents believe have become the lowest transaction cost in the history of stock trading, providing consistent liquidity.
Those who oppose high-frequency trading say that modern technology has broken the traditional market system to create a technical "arms" competition, which is more expensive than traditional market makers and adopts ethical and questionable technical methods. Putting investors at a disadvantage. Because of the latest developments in JP Morgan Chase, the use of high-frequency trading technology provides institutional investors with trading advantages, such as when and how to decide to execute their trades.
In fact, artificial intelligence has been widely used on Wall Street. For example, BlackRock, a US-based global investment management company based in New York, announced at the end of March that it would cut 40 jobs and use artificial intelligence to computerize stocks. Trading algorithm, replacing some of the human portfolio managers. In other words, the task of selecting stocks in the future will be completed by a smart computer. The news that artificial intelligence has replaced Wall Street's human resources is different from time to time. It has long been a big news.
At present, layoffs caused by artificial intelligence are the turning trend of Wall Street industry. In a recent report, financial services consultancy Opimes estimated that by 2025, Wall Street will reduce heads by 10% ("heads"), due to the spread of artificial intelligence. About 230,000 people will be artificially Smart alternative. Of those jobs that may disappear, 40% are expected to come from the currency management field because customers are reluctant to pay the high fees charged by managers.
In fact, as artificial intelligence has entered the stage of deep learning, what people thought before was only low-end, repetitive labor, and the idea of ​​being replaced by robots is outdated. In recent years, artificial intelligence has long since entered the high-end position. In addition to Wall Street traders, such as lawyers, accountants, doctors (sheng), the highest-end position in the United States known as the "three divisions" in the past, is also being largely replaced by AI.
Therefore, regardless of what people hold, AI will replace human resources in a big way is a major trend in society. Moreover, compared to the previous scientific and technological revolutions, new jobs can replace old jobs and even generate more jobs. This time it is really different. The soaring "unemployed population" in the future may be inevitable.
However, all jobs related to artificial intelligence will increase at a spurt rate. Second, creative work and work related to content delivery will not only be needed forever, but will also grow substantially. In other words, for individuals, instead of passively accepting artificial intelligence, it is better to actively embrace artificial intelligence, self-iteration, and lifelong learning.
In addition, when productivity is greatly increased, working hours are greatly shortened, and working four days a week or even three days is not a dream. For China, the development of artificial intelligence will greatly change the social form, which may be a breakthrough in economic transformation, and may even free the Chinese economy from being kidnapped by real estate.
In short, from this perspective, the rise of AI is a good thing for the entire human race.
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