INSURANCE? NO WAY! ARTIFICIAL INTELLIGENCE IS TOO RISKY!
If you've been following the artificial intelligence-data center bubble and the efforts of the Trump misadministration to cater to the technoblobbocrats, you will definitely be interested in this story shared by E.E., because it would seem that normal people are not the only ones showing some concerns over the nosedive into amorality and decadance that "artificial 'intelligences'" seem to be taking lately. Insurance companies are now backing away from insuring them, claiming they're just too risky:
First, we note the "what": artificial intelligence is simply "too risky" to insure But the really intriguing part of the story is not the what, but the why:
...One underwriter describes the AI models’ outputs to the FT as “too much of a black box.”
AIG, also listed in the FT story, has since sent TechCrunch the following statement: “AIG was not specifically seeking to use these [reported upon] exclusions and has no plans to implement them at this time.”
The industry has good reason to be spooked, the story reminds us. Google’s AI Overview falsely accused a solar company of legal troubles, triggering a $110 million lawsuit back in March. Air Canada last year got stuck honoring a discount its chatbot invented. And fraudsters last year used a digitally cloned version of a senior executive to steal $25 million from the London-based design engineering firm Arup during a video call that seemed entirely real.
What really terrifies insurers isn’t one massive payout; it’s the systemic risk of thousands of simultaneous claims when a widely used AI model steps in it. As one Aon executive put it, insurers can handle a $400 million loss to one company. What they can’t handle is an agentic AI mishap that triggers 10,000 losses at once. (Emphases added)
So there you have it: crazy outputs of artificial intelligence agents committing corporations to goofy transactions that the corporations have to honour, outputs which are in a "black box" that no one fully understands - much less controls - and the implications are clear: what happens when those artificial intelligence "agents" acting for corporations commit said corporations to thousands of transactions that could potentially bankrupt the company, even if "safeguards" are installed to subject all such proposed transactions to "human review and approval." What good is that, when the edgymakayshunal system and the quackademy are churning out fundamentally stupid people? (And don't forget, just a decade ago we were warning about the deleterious effects of the "Common Core" standards and the "adjustable" standardized tests that were to be administered by the computer and artificial intelligences.)
So whither A.I., if no one will insure it?
This is where I suspect it gets rather dicey, for not all advocates of artificial intelligence agents are corporations, as we know. Some of them are governments, and there artificial intelligences are already in widespread use, determining a variety of things from military targets to tracking financial traffic and government databases (remember PROMIS?). What happens when those non-insurable artificial intelligences get their hands on...oh, I don't know... things like the deposit insurance trust corporations that insure bank accounts, or on the files of the Securities and Exchange Commission, or (nightmare of nightmares) the Exchange Stabilization Fund? The lesson here is that the only entities big enough to insure against losses are governments, and even they might be stretched to the snapping point. Not all technological progress is genuine cultural and human progress, and artificial "intelligence" is looking more and more like just such a boondoggle.
And as I write this, I am watching a commercial on YouTube for a robotic puppy dog that sells for a mere $39.95 and looks and behaves just like a real dog. Maybe so, except for one thing. A real dog gives love and loyalty. A robot merely mimics them. So I'll take the reality, and that includes in matters of intelligence too. The problem with the A.I. boondoggle that we're quickly learning is that even its mimicry is flawed, and perhaps fatally so. So Mr. Trump, I say let China "win" the artificial intelligence war, because I have a peculiar sense that China will be even more screwed up within a few years of its introduction than even its Communist overlords are capable of screwing it up.
See you on the flip side...
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Off with the faeries…
In a COLLECT ROBOCALL, from the Vatican pope, a Jesuit-in-a-box tries, to sell ‘The American Dream’, in which a man has to be asleep, to believe, according to George Carlin.
There isn’t enough gold, in the world, to stave off the bursting bubble, when the Vatican goes belly-up, ideologically, bankrupted – because noone, no more, is buying the moneylender’s debt scam.
Living, inside a bursting bubble, must be, what Lewis Carroll was referring to, when a simple ‘rabbit hole’ became a galactic entrance, to the unexpected netherworld – in a ‘Jack O’Neill’ joke!
The EARTH, in Old English, is derived from ‘ea+ord’, which means a river source, a wellspring – from the ‘zero point origin’, of Black Elk’s Six Grandfathers, in a Cartesian coordinate system.
Standing, inside my compass:
https://dl.dropboxusercontent.com/s/6wn8zkzt56whzv6/topological-metaphor.jpg
Interesting thinking and expalnations.
The Bank of England Governor has just issued a warning about AI. He has now cleary warned of a “sharp correction” in the value of major tech companies with growing fears of an artificial intelligence bubble.
https://www.bbc.co.uk/news/articles/cx2e0y3913jo
I wonder if the AI systems will play the market to protect themselves and prevent a crash?
hmm … I’ve been trying to get an answer from a craft company I order product from all day. I think they just think I’m stupid. I placed a kind of large order for me last week and expected to have to wait longer, but not much, because of the holidays. But there’s a message on the top of my email page that says package is being delivered today. Package is still sitting at the company and hasn’t been filled yet. That they verified. So … Is AI trying to make promises that companies can’t meet nor keep? This is just a small and kind of petty thing. But something big? Yeah, what a mess.
Yes, that would be a practical example, of an A.I. Golem, that is lying through its teeth, with impunity, which is the thief’s point.
The crux is, that a robot whipping boy can’t be held accountable, and, therefore, the insurance companies can’t make a risk assessment.
Were the Vatican to extend personhood, to robots and aliens, then the Vatican would have to sell airy-fairy faith, to insurance companies.
A robocall is simply A.I. Gaslight…
Very interesting! A Common sense reaction to this rush to entrust AI to control everything.
“Too much of a black box” means too unpredictable and too volatile = too dangerous.
The alien globalist is a mirroring monkey, a lunatic pretender, on a fake throne, with a nervous finger, on a catapult button, in the event, of being found out – which is, why royal spares, today, are overseas located, just in case, were satanic Odin ever to rise, and pose a threat.
The Prisoner, 1967:
https://youtu.be/alnRBqhso8Q
What this report and article doesn’t mention is that most insurance companies use AI for claims handling and to process claims.
When you report a loss to them online, it is all done through AI systems. The only bit that is stil done by a human is the visit of the loss assessor to the premises to evaluate the loss.
Another scam to rob all of us of what little money we still have
Make A.I. Great Again:
https://youtube.com/shorts/31l4o3FMx9E
A chutzpah hoaxer escapes, through a secret tunnel. Royal Flush!
A rhetorical question is, why the ‘insurance casino’ is at odds, with the gamble of risk taking?
1. The answer is a ‘dragon’, found deep in the Vatican dungeons, where the imperial chaos agents, named Jesuits, morphed, into the Freemasons, during the 18th century.
2. The motto of the 33rd degree Freemasonry is ‘Order out of Chaos’ [Ordo Ab Chao] – which is the same, as the Roman ‘Divide and Conquer’ [Divide et Impera].
3. It means, that Freemasonry is carrying out the Vatican’s hidden imperial agenda, of sowing chaos – which, today, is the waging of war, in a NATO-crusade, against Russia.
4. In Greek thinking, the idea of ‘Chaos’ is contrasted with ‘Cosmos’, and, likewise, in the proto-Scythian thinking, Moloch is contrasted with Genesis.
5. When breaking the ‘7th seal’, there is crucial moment, when the ‘veils of delusions’ are penetrated – which causes breakdown of narrative, propelling an out-of-body experience.
6. Insurance companies cannot insure, against a ‘Tower of Babel-moment’, where an unhinged narrative causes epistemic collapse, erosion of language, and breakdown of logic.
7. In the ‘Tower of Babel-moment’, Zhitlensky and Satanyahu will flush themselves, down their golden potties, because ‘rat kings’ use sewage pipes, as secret escape tunnels.
An indigenous shaman is a typical chaos pilot (a toilet brush), who has been catapulted, outside the karma wheel – where he powwows, as an Odin-Buddha, with Black Elk’s Six Grandfathers, at the zero point of origin.
Wile E. Coyote & the Roadrunner toilet brush:
https://dl.dropboxusercontent.com/scl/fi/yy7jiii6mw37cetqnbwvz/acme-chemtrails.jpg?rlkey=ei0yo4mqd3k93rt7qpdjfwet6&st=9ykrwxn4