‘A human really has to take the responsibility’ Steve Wozniak

Apple co-founder Steve Wozniak has warned that artificial intelligence (AI) could make scams and misinformation harder to spot.

Mr Wozniak says he fears the technology will be harnessed by “bad actors” as posted on the BBC. 

In the world of finance, by implication, scams will be harder to spot.  According to Steve Wozniak , he believes, ‘A human really has to take the responsibility

“He thinks responsibility for anything generated by Artificial Intelligence and then posted to the public, should rest with those who publish it: “A human really has to take the responsibility for what is generated by AI.”  He wants regulation to hold to account the big tech firms which “feel they can kind of get away with anything” .  But he sounded a note of scepticism that regulators would get it right: “I think the forces that drive for money usually win out, which is sort of sad.”

The article goes on to say “He believes “we can’t stop the technology”, but we can prepare people so they are better educated to spot fraud and malicious attempts to take personal information.”

Let’s break this down. It means consumers will have no choice but to take more responsibility for the financial decisions they make.  I agree with him on this issue. But how do consumers and investors build adequate knowledge to make good decisions by taking more responsibility? Ultimately, it is through adaptive competence.

The good news, you can talk to us about developing your adaptive competence.