Is there any Impact of AI technology in Trading?

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Is there any Impact of AI technology in Trading?

Is there any Impact of AI technology in Trading? or can it automate the trading process? IMO AI is not producing any benefit to humans because using the AI many companies will build robots and the need of humans will be ended. There will be no need of humans anymore, the unemployment rate in the world has already increased too much, & do you know that the salary you are getting paid is just nothing? $8K-$16K per month are even nothing to anything. The minimum salary a human may deserve should be equivalent to the cost a human pay to save his life in the hospital. Maybe AI can reduce the cost of operations but it does not resolve the issue yet, because the unemployment rate has been increased too much. Can you decrease the unemployment rate using the AI technology? or Governments and Banks should pay free money to the people who are unemployed? My question is that if AI automates everything in the future, so there is no need of employees left then how the people will be getting paid? as everything will be done by robots?

Kasun Premathilake Answered question August 26, 2024
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If it would be an ideal world and the planet’s resources would be used at the maximum potential then a universal basic income would be viable (free money) – that would cover all the basic needs of a person like shelter and food. Then if a person wants to achieve higher levels of life quality or social presence he/she should go and pursue a career, etc. With all these I still think that there should be some requirements for getting the UBI specific to different zones on our planet like having to go through education and not drop out, etc.

I think the AI technology will only free our time from all those mundane, repetitive tasks so we can focus on more creative things. Humans are not robots – we are creative and can create wonderful things. Through AI traders basically automate trading strategies and/or find new ones. Of course that will have some repercussions on the market behavior, but still the same rules apply – buy low, sell high to make a profit.

Kasun Premathilake Answered question August 26, 2024
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the impact of robots in trading can save time because it can buy and sell automatically, but all of that also needs to be watched because the robot works continuously without regard to market conditions, humans will adapt to circumstances, maybe in the future people no longer work traditionally, people will follow the conditions of the time at that time, maybe at that time people relied more on the brain than on the muscles to make a living.

Luwis K Answered question August 26, 2024
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If all work will be carried out by robots, then people are highly likely to switch to a basic income system. When each person will receive from the state a certain amount of money to cover their basic needs.
Or there will be no money at all, and everything you need will be given out for free, because it will be created by robots.
Thus, people do not have to spend time earning money in order to ensure their survival, and the forces of mankind will go to science and art.

Kasun Premathilake Answered question August 26, 2024
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