Its already replacing human experts. Watch the bond market self off currently happening in US. Driven by hordes of AI agents doing thousands of things faster than experts can blink. The experts at the Treasury tried to react at traditional human speed. Within a day the agentic horde detected the moves and counter reacted. Its like watching chimps throwing stones at a hurricane. The chimp troupe is quite unconcious about the randomness and surprises ahead.

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donkey_brains 2 hours ago | parent | next [-]

High frequency trading has been a reality for decades. What’s different now?

	▲	dist-epoch an hour ago \| parent [-]
		HFT strategies are simple. They are also static (they can re-fit, but fundamentally remain the same). Putting LLMs in the loop now gives you reactive strategies. The agents can see the reaction of the market and adjust or change direction. This creates complex feedback loops that can't be understood at human speed.

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burnt-resistor 2 hours ago | parent | prev [-]

Replacing people willy-nilly with AI is a stupid fad that won't work the way they think it will in most instances. AI doesn't impart judgment, constraints, reasoning, or correctness so far the way a human can and likely never will because AGI is a fantasy. Owners and managers will only learn this lesson after they suffer failure from their own stupidity and recklessness.

Another angle is excuses for mass layoffs are continuation of the Powell memo neoliberalism agenda of suppressing wages by keep workers desperate and partly a consequence of rising interest rates since there's no more free money.

Workers need to stop depending on megacorps for stability and form worker-owned co-ops that compete with and supplant unstable, mercurial megacorps.