Article – Artificial intelligence and the Gamestonk blowback

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Surrounded by rallies of “power to the people,” a rag-tag group of scrappy underdogs recently managed to bring Wall Street to its knees through a dazzling display of disobedient investing that saw Gamestop stocks rocket Moonward. This unprecedented seizure of power by the proletariat has been lauded far and wide as a smack in the mouth for the establishment. Some say it’s a warning shot to the financial kings and queens of the Earth. The “Gamestonk” legend will be told for years to come – Hollywood‘s already making sure of that. But the story is far from done. As any fan of epic cinema knows: anytime there’s a New Hope, you’d better believe the Empire will Strike(s) Back. I’m not being subtle here because the story’s pretty simple: rebel investors beat Wall Street at its own game… this time. If you need an explainer on what happened here’s a great in-depth one.

Article Link – https://thenextweb.com/neural/2021/02/01/artificial-intelligence-and-the-gamestonk-blowback/

Discussion Questions:

  1. Identify three key takeaways from the article. What did you find most interesting?
  2. How can AI be used to prevent these types of issues from occurring?
  3. How was social media used to help organize the actions that took place concerning the GameStop stock situation?
  4. Do you think these types of market manipulation should be illegal? Why or why not?

Source: Tristan Greene, “https://thenextweb.com/neural/2021/02/01/artificial-intelligence-and-the-gamestonk-blowback/”, www.thenextweb.com , February 1, 2021.

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