%% Over hype + obvious errors did not change Charlie Mungers opinion in that article; or MSFT major[49%] investment in it. I dont use ATM machines but many banks do; even with fishook thefts + occasional steal the whole ATM machineThey closed the fishook theft window.
20 jobs in jeopardy due to AI, according to new study. Is yours on the list? AI is comin' for your career. https://mashable.com/article/10-jobs-in-jeopardy-ai The proliferation of artificial intelligence (AI) tools, and the large language models (LLMs) that underpin them, have been alarming anti-AI advocates, particularly as ChatGPT — and its ilk — skyrocketed in popularity this year. A new study conducted by the UK Department of Education implies that the fearful cries of "Ah, AI is coming after our jobs!" are, indeed, sound. According to the lead investigators, up to 30% of jobs can be automated with AI. Which jobs are in trouble due to AI? As AI usage becomes more prevalent, the study discovered that the most affected jobs are in finance, law, business, management roles, and clerical work. Below, take a look at the specific jobs that are in jeopardy. Business analysts and management consultants Financial managers and directors Charted and certified accountants Psychologists Purchasing managers and directors Economists, statisticians, actuaries Business and financial project management professionals Finance and investment analysts, advisors Legal professionals Business and related associate professionals Credit controllers Solicitors Civil engineers Education advisors and school inspectors HR and administrative occupations Business, research, and administrative professionals Financial account managers Bookkeepers, payroll managers, and wages clerks National government administrative occupations Marketing associate professionals The study also delved into professions that will be least affected by AI, including athletes, roofers, elementary construction occupations, plasterers, steel erectors, and vehicle cleaners. Interested in taking a deeper dive into this study? Check out "The Impact of AI on UK Jobs and Training."
%% Good post, I had not thought of all those; good union busters, + no wonder Bill Gates/MSFT invested in it. Interesting AI hits the psycho\babblers LOL. NOT a stock tip. Thanks
It's BS. People spreading FUD with AI. Same thing happened with Tesla FSD. What will happened again is that they can't figure out how to overcome "last" mile.
Overrated by who? If you ask general public with limited understanding of AI, then probably yes because they think AI can do miracles. If you ask people with some understanding of the limitations of AI, probably not and they have better understanding which tasks AI is suitable for. Like with any tool there are good and bad use-cases for AI.
Interesting perspective... How AI can brush the dust off the old wealth management industry It is time for financial advisers – both small and large – to embrace modern technology https://www.foxnews.com/opinion/how-ai-can-brush-dust-old-wealth-management-industry
I just don't think this person knows what they are talking about honestly. I would enter a contest if there was one for number of hours spent with chatGPT when it comes to finance. It could help someone in wealth management use pandas or finance related python libraries, it could explain stochastic process with jumps, it could write a script in python of a stochastic process with jumps. If you ask chatGPT to create a portfolio though for a customer it is going to give the most average and trivial advise. I doubt it would take much in the prompt before it tells you to just invest in the S&P 500. I feel like I have already been through a process. Where a person is highly anthropomorphising chatGPT if they know it or not, the person happens to ask a questions that chatGPT happens to be good at answering, this combination causes the person to extrapolate to all questions and that chatGPT really is close to whatever they view AGI to be. Over time though this all falls apart as you see how limited the responses are. It basically has a huge number of stock responses that it strings together. It sucks getting to this point. It is way more fun asking it things trying to figure out if it is thinking or alive but you don't waste your time doing that once you know it is going to give the same stock response because it is not thinking or intelligent at all. Collectively, we wanted to be fooled into believing we reached some new point in time post-covid. We were so primed and ready to be fooled.
Just stating the obvious... Google's DeepMind CEO says the massive funds flowing into AI bring with it loads of hype and a fair share of grifting https://www.businessinsider.com/google-deepmind-ceo-ai-too-hyped-in-some-senses-2024-4
From boom to burst, the AI bubble is only heading in one direction No one should be surprised that artificial intelligence is following a well-worn and entirely predictable financial arc https://www.theguardian.com/comment...he-ai-bubble-is-only-heading-in-one-direction