The majority of affluent and high-net-worth individuals recognize the potential of robo-advisors and automated investment services to add value to their wealth management services.
Singularity—the point when machine intelligence surpasses our own and goes on to improve itself at an exponential rate—will happen by 2050, according to Masayoshi Son, the Japanese tech mogul leading SoftBank.
In 2017 he said: "I totally believe this concept. In the next 30 years, this will become a reality."
Algorithms can learn to collude.
Two law professors, Ariel Ezrachi of Oxford and Maurice E. Stucke of the University of Tennessee, have a working paper on how when computers get involved in pricing for goods and services (say, at Amazon or Uber), the potential for collusion is even greater than when humans are making the prices.