Super Micro Computer, a computer hardware company based in California, faced a dramatic plunge in its stock prices in 2018 as a consequence of misleading media reports. The highly shareable but inconsistent news, amplified by AI algorithms, resulted in its market value shrinking from about $2.5 billion to a low of $180 million.
Stories concerning Super Micro can highlight the risks associated with AI, serving as a potent example of the technology’s potential to exacerbate market instability. If companies fear similar falls from grace, they may become overly cautious in their use of AI, hindering possible progress.
However, it’s important to recognize that AI is a tool, and like any tool, its effectiveness and outcomes depend largely on how it’s used. AI can also work to prevent such issues if responsibly employed. AI technology can be programmed to cross-reference information and to follow up on its credibility before drawing conclusions or making predictions.
The essential thing is to have appropriate safeguards and placements, ensure the responsible usage of AI, and address issues of trust and transparency. This will aid in the prevention of similar situations and the harnessing of AI in a way that is beneficial to all.
