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I'm still in complete shock and awe at this. I honestly don't understand how anyone plans to cash in on the AI hype. I see very few practical applications.
The number one app for companies right now is "we can replace a lot of people and save a ton of money", specifically look at the chatbot assistants you see on websites. Once they get the kinks worked out there, I guarantee they'll have a talking version that will replace call center workers. And that's only the beginning.
They've already run the numbers and figured the upfront costs are worth it. Occasional maintenance/cooling/upgrades/tech support is still going to be cheaper than FICA/Medicare/401K matching/PTO/maternity leave/overtime/workman's comp/running a huge HR department/family day barbecues, etc.
Just trading one type of equipment for another, in their eyes.
Chatbots? Is that it? That's what all the hype is about?
Hardly seems like a multi-billion dollar industry.
It's just the start though. It's going to spread to any and every thing they can think of. When's the last time a corporation said "Naw, that's off limits. We can't in good conscience monetize that."
That's what I'm asking. What else will it "spread" to?
I didn't realize this was an ethical discussion?
It has already spread to image and audio generation and manipulation. It has also spread to automated decision making in financial firms.
Yeah, once again I don't see a financial opportunity there.
You don't see a financial opportunity in delivering tools to dramatically speed up the creation of emails, reports, presentations, boilerplate graphics, etc?
Tell me you've never held a corporate job without telling me you've never held a corporate job.
There are people who literally live in Word and Excel every day. For them these tools could be life changing.
And that's just one obvious userbase.
Ah yes, we've reached the derogatory insult part of the discussion.
That's the part where I bow out. 🖕
Looks like you were in search of an exit and you found it. You're whole argument seemed to consist of "no" which would be responded to with more explanation to support their assertion, which you'd again respond "no" to. How many goes round did you think it would last?
Seriously though, if that was an insult/derogatory, i don't know how long you're gonna last here or anywhere on the Internet, tbh.
Ah yes it's always my favorite thing to be insulted on the internet.
I've lasted about 20 years so far. Mostly by refusing to engage with people who resort to personal insults when they run out of explanations.
More like refusing to engage while repeating the same sentence until people tell you to fuck off, if my experience with you is anything to judge by.
The block dodging and harassment is SUPER mature of you.
Block dodging? Is that your way of saying it's my fault you didn't block me?
A lot of words to say "my imagination is non existent"
It's not a lot of words and that's not what I said 🤷
Oh there are practical applications if you know where to look. For instance I'm training a trading AI to spot patterns in numbers and indicators that aren't necessarily common knowledge.
I obviously don't.
For what purpose?
The short version: making trading decisions based on technical data.
The long version: there are traders out there that do their operations using statistical formulas called indicators.
There are lots of such indicators out there, and hey, it's pretty easy when they all point one direction, but what happens if they don't? What happens if you only get a few conclusive indicators and the rest are inconclusive? What if you were to combine specific indicators to get a more conclusive answer?
If there is one thing AI is good at, it is exploiting numbers and patterns in service of a very specific and easily measurable goal. Mine is trading profits.
Yeah I don't buy it. People have been trying to create such algorithms for decades. Problem is no algorithm can account for the complexity and completely illogical decisions of humans.
Also, stock prediction can change the thing being predicted. Once a critucal mass of people believe in a certain prediction strategy, then their own actions screw up the prediction. It's not like predicting some natural or external thing.
Oh yeah, this thing will never be able to predict events like GME or that kind of thing.
The thing is though, I don't have to beat the first couple or even the first 50 trades. I just have to beat the babdwagoning masses by detecting upticks and downward trends, something my software can do and act upon faster than any human.
Teach it how to short sticks and it can lose you infinite money.
It’ll be like wallstreetbets AI.
Haha maybe you're right. But it hasn't done me dirty yet, in fact it works pretty solid.
Teach it to short automatically and get back to me.
Oh it can signal shorts already. I'd just need to plug it into a specific trading platform to execute it automatically (right now it just notifies me on its advice; I'm in the manual testing phase)
Pull off the safeguards and let ‘er rip.
YOLO.