Yuval Noah Harari

The CDOs were invented by a tiny number of investment wizards and ingenious mathematicians.

Almost nobody understood them, certainly not the politicians who are supposed to regulate them.

For a few years, everything seems wonderful.

People were making billions of dollars because of these CDOs.

And then the system crashed.

Now, it is very likely that we will see the same thing with AIs on a much larger scale.

The same way that we've already seen AI invent new ways to play chess, they will invent new ways to invest, which may be much better than what we can come up with.

So they will gain more and more power in the financial system.

And it will become so complicated that the number of people who understand finance will go down to zero.

And what does it mean for democracy or also for dictatorship when nobody, not the president of the US, not the president of China, not the president of Russia, not the chiefs of the central banks, no human being understands finance anymore?

This will be a very big challenge in the coming decades.

That's absolutely true.

The only caveat is that until now, humans were always a kind of limit on markets, on nations, on the financial system.

Ultimately, you needed humans to understand something to make the decisions because nothing else could make the decision.

So AI allows all these structures that we've built for thousands of years and became more and more complex.

AI now allows them potentially to cut the connection to humanity and go on a trajectory which is far beyond what the human mind is capable of understanding.

It even happens in a way with language itself.

The most important inventions or creation of humanity ever, until now, was language.

Because it's the basis for everything.

Mythology, finance, nations, religions, they are ultimately based on language.