Joe random places his money in a 401k like he is supposed to. Hedge funds get a hold of AI that can exploit the market in ways that Joe can’t. AI knows that a lot of portfolios have circuit-breakers built in so that the investors don’t lose too much money.

Amoral AI finds a lightly stressed fund and exploits the circuit-breaker feature to crash the fund. Then they sink a ton of money into that fund and raise the price back up. Now joe is out of that fund and AI has made a ton of money for the hedge.

And make no mistake, we are talking whale accounts in this fund. Not mom and pop accounts.

Or AI astroturfs social media and news to pump and dump a stock. Now joe is a bag holder.

Or worse, something we can’t even think of yet.

It has nothing to do with bias directly. But being obtuse to setting limits to AI and not including things that financially affect people is silly.