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serf • today at 12:51 AM • 1 reply • view on HN

how much historical anecdote do we need to recollect before it's realized that the finance industry as a whole, but most especially the stuff that is US-centric, refuses to change course unless they're: 1) unprofitable 2) regulated.

the only reason they moved on this was because it was noted somewhere by someone that matters that the risk imposed could cut into profit or impose a regulatory hammer.

those are the only possible reasons for corporate movement in finance.


Replies

generic92034 • today at 8:12 AM

It could also be unprofitable due to the speed-up factor the AI is providing to the workforce being lower than the costs.