• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

2

If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits

3

When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch

1

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

2

If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits

3

When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
Apple

Video: Bots already dominate the stock exchanges. Your job is next.

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
Down Arrow Button Icon
By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
Down Arrow Button Icon
August 17, 2014, 8:28 AM ET

“Take the stock market,” says the narrator half-way through Humans Need Not Apply, a provocative — and disturbingly persuasive — YouTube video that was posted Thursday and quickly went viral (1.5 million views as of Sunday a.m.).

“In many ways,” the speaker continues, the market “is no longer a human endeavor. It’s mostly bots that taught themselves to trade stocks, trading stocks with other bots that taught themselves.

“Again: it’s not bots that are executing orders based on what their human controllers want, it’s bots making the decisions of what to buy and sell on their own.

“As a result the floor of the New York Stock exchange isn’t filled with traders doing their day jobs anymore, it’s largely a TV set.”

The speaker is CGP Grey, the pen name of a blogger, podcaster and videographer whose explanatory YouTubes put the best of broadcast news and factual programming to shame.

Grey made his anonymous name — and his first million subscribers — with The United Kingdom Explained, a 2011 video that clarified in five minutes (and once and for all), the difference between the U.K., Great Britain and England.

His latest work may be his best yet. It’s a 15-minute sprint through the history of man’s relationship with his tools that reaches the alarming conclusion that we are today where horses were in 1915, when the world’s equine population peaked.

“Technology,’ as he puts it, “gets better, cheaper, and faster at a rate biology can’t match.”

Result: Abundance, massive unemployment and the inevitable automation of nearly every job that humans do today — even mine. Newspapers, Grey points out, are already running financial new stories written by computers.

There’s no particular Apple angle here, but there may be a Google (GOOG) one.

Larry Page and Sergey Brin are pouring enormous financial and human capital — more than any other corporate leaders — into developing artificial intelligence and machine learning. Their early and most conspicuous success: The self-driving car.

Google’s vision of the future is the one CGP Grey describes.

UPDATE: For an fresh look at the Mountain View skunkworks, see Michael Helft’s Google goes DARPA

Below: Humans Need Not Apply

[youtube=http://youtu.be/7Pq-S557XQU]

Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple (AAPL) coverage at fortune.com/ped or subscribe via his RSS feed.

About the Author
By Philip Elmer-DeWitt
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Mortgage rates today, June 1, 2026
Personal Financemortgages
Mortgage rates today, June 1, 2026
By Glen Luke FlanaganJune 1, 2026
47 minutes ago
Current refi mortgage rates report for June 1, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for June 1, 2026
By Glen Luke FlanaganJune 1, 2026
47 minutes ago
Current ARM mortgage rates report for June 1, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for June 1, 2026
By Glen Luke FlanaganJune 1, 2026
47 minutes ago
How Kelly Ortberg is rebuilding Boeing from the inside out
Magazine250 Years of Innovation
How Kelly Ortberg is rebuilding Boeing from the inside out
By Shawn TullyJune 1, 2026
48 minutes ago
brian
BankingWealth
Billionaires already couldn’t talk to their grandchildren. Now they’re on opposite sides of the AI divide
By Nick LichtenbergJune 1, 2026
2 hours ago
gp
PoliticsElections
‘Being married is hard’: Graham Platner’s wife rips media reports of her husband’s sexual texts as ‘gossip’
By Jesse Bedayn, Kimberlee Kruesi and The Associated PressMay 31, 2026
6 hours ago

Most Popular

I wrote that Boomers were choking America’s economy. Their responses to me were revealing
Personal Finance
I wrote that Boomers were choking America’s economy. Their responses to me were revealing
By Nick LichtenbergMay 31, 2026
21 hours ago
If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits
Investing
If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits
By Shawn TullyMay 31, 2026
1 day ago
When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
Future of Work
When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
By Jacqueline MunisMay 30, 2026
2 days ago
Ex–Google CEO Eric Schmidt warns U.S. tech workers: Competing with China’s grueling 12-hour workdays means sacrificing work-life balance
Future of Work
Ex–Google CEO Eric Schmidt warns U.S. tech workers: Competing with China’s grueling 12-hour workdays means sacrificing work-life balance
By Marco Quiroz-GutierrezMay 30, 2026
2 days ago
Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani
Success
Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani
By Nick LichtenbergMay 29, 2026
3 days ago
U.S. says deals with Iran for safe Hormuz transit are prohibited
Politics
U.S. says deals with Iran for safe Hormuz transit are prohibited
By Jack Wittels and BloombergMay 30, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.