I trade commodities futures for energy companies professionally
I almost wish global markets of supply and trade were as simple to understand and explain as some of you uneducated idiots seem to think
A simple world view for simple people
It's good to know you know it all thanks to trading commodities futures for energy companies!
Of course adding any content to enlighten the serfs would be beneath you, since us simple folk wouldn't understand it anyway, right?
Here's
@PaintChipsAreVegan and his coworkers back at the commodities trading desk, looking down at the serfs:
It's ok, I create AI systems (for a few decades) for all kinds of companies in all kinds of industries around the world; my main focus areas include finance, banking, insurance; executive information systems (c-suite); logistics/ shipping; manufacturing; military/defense; and we have others focused on other industry solutions.
You may have noticed a few retail brokerages / investment banks already have AI solutions, and are expanding; so do futures commodity trading companies, many going back decades.
I've simplified human knowledge worker tasks and/or completely eliminated the need for human workers in every AI solution I've worked on. The only exception was an early neural network solution for fraud detection which the legal department would not approve because of potential litigation challenges (most jurors would not understand the math, neither did the legal department). edit: this is known as "explainability" - where an AI system is able to "explain" how it arrived at a decision.
TL;DR, anyone working in trading / markets will be replaced by AI eventually. It's actually easier / less costly to replace white collar workers who work with data such as analysts, traders, etc., than it is to replace blue collar workers such as plumbers, carpenters, electricians, etc.
Let us know when AI takes your job!
here's an RFC from earlier this year that may interest you:
https://www.cftc.gov/PressRoom/PressReleases/8853-24