its used a lot. creating contracts, summarizing contracts, request for proposals, legal documents, submitting bids, ...
Most people have no clue because they can be automated.
Due to AI, banks are cutting analysts by 2/3
- Thread starter Pekelo
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Most people have no clue because they can be automated.
It's true that Ai is hot topic now. On the one hand, he makes a lot of mistakes. it is very easy to recognize an article written with its help. On the second hand, Ai's influence extends far beyond just college kids using it for cheating or a handful of people commissioning AI-generated artwork. For instance, AI is deeply integrated into recommendation systems on streaming platforms like Netflix. In my opinion, we need to wait and we will see how AI will become a part of our lives.
AI is a tool like any other. It will change the world in some ways and not in others.
I use ChatGPT AI to write code faster. I outsource my coding tasks to junior developers less than I used to. I can describe something at a high level and the AI can usually get it right or close to right and save me a bunch of time - it's often just as good as a junior. Not perfect, but it's worth using and it makes a difference.
I think AI's initial impact is going to be hidden from view: more people will be able to make things that we might assume they made on their own. For example, there will be more small scale software being developed and coming to market. Joe Blow software developer who has a couple side projects at night will be able to code faster and get more to market. Nobody will know (or care) that he pumps out 4x the number of apps that he used to because he's now 4x more efficient in his spare time since AI does most of the more tedious tasks.
I use ChatGPT AI to write code faster. I outsource my coding tasks to junior developers less than I used to. I can describe something at a high level and the AI can usually get it right or close to right and save me a bunch of time - it's often just as good as a junior. Not perfect, but it's worth using and it makes a difference.
I think AI's initial impact is going to be hidden from view: more people will be able to make things that we might assume they made on their own. For example, there will be more small scale software being developed and coming to market. Joe Blow software developer who has a couple side projects at night will be able to code faster and get more to market. Nobody will know (or care) that he pumps out 4x the number of apps that he used to because he's now 4x more efficient in his spare time since AI does most of the more tedious tasks.
I talk to a lot of people who are actively using it.
Agree! AI now is just LLM. It is extremely limited. It is not capable of understanding the way humans interpret things or the way humans see reality. It still requires tons of human interventions to make things right. I doubt it will ever reach the level of AGI.
All it does now is pull up relevant data from a massive enormous data pool ranked by probability. It's sort of similar to the Google engine now. It is up to humans to fix it right. Probably it makes mistakes half of the time. Imagine driving a driverless car with AI. It makes mistakes half of the time. It will not end well.
if it just pulls data how come it can write poems, books and create content that never existed?
Totally agree. I am using my own charting software that I just would not have had the patience to create because I find javascript/react tedious and uninteresting. With chatGPT's help it was basically trivial. It also acted as a force multiplier and not automation.
My charting software has no value as a production ready product but is quite valuable to me.
Bank managers outsourcing less and less excel data manipulation to analyst seems rather obvious over time.
The AI narrative though seems so far from the real world in my experience. LLMs seem good at a type of language disambiguation and translation. Because of this, they can disambiguate and translate my ideas in English into javascript/react without issue. They are great tools if you are learning a language you can't currently speak or read.
What I find most interesting is I am rather certain LLMs simply can not produce the intersection of two different ideas in order to create something new. It can only find the idea if previously seen.
I have played around quite a bit with Google MusicLM and that absolute can do the intersection of various aspects of music. I have randomly produced music that sounds like a kind of bowed flute, in the Pelog scale from Balinese Gamelan with glass mallet instruments in the background.
AI art can do the intersection of various aspects of art.
ChatGPT is helpless though in trying to do the intersection of two ideas to create something new. I have found interesting ideas like a search engine in this way that already existed but that is obviously the best it can do.
There is also this process too that buying pet food online was a great idea but just not in 1999. So many things had to happen first.
A bank analyst is probably a dead job at some point in the future but certainly not in 2024.
My charting software has no value as a production ready product but is quite valuable to me.
Bank managers outsourcing less and less excel data manipulation to analyst seems rather obvious over time.
The AI narrative though seems so far from the real world in my experience. LLMs seem good at a type of language disambiguation and translation. Because of this, they can disambiguate and translate my ideas in English into javascript/react without issue. They are great tools if you are learning a language you can't currently speak or read.
What I find most interesting is I am rather certain LLMs simply can not produce the intersection of two different ideas in order to create something new. It can only find the idea if previously seen.
I have played around quite a bit with Google MusicLM and that absolute can do the intersection of various aspects of music. I have randomly produced music that sounds like a kind of bowed flute, in the Pelog scale from Balinese Gamelan with glass mallet instruments in the background.
AI art can do the intersection of various aspects of art.
ChatGPT is helpless though in trying to do the intersection of two ideas to create something new. I have found interesting ideas like a search engine in this way that already existed but that is obviously the best it can do.
There is also this process too that buying pet food online was a great idea but just not in 1999. So many things had to happen first.
A bank analyst is probably a dead job at some point in the future but certainly not in 2024.
%%
STILL needs some good management.
Guardian reported the driver in TSLA auto pilot crash, had 8 speeding tickets+ was watching Harry potter movie.[Still playing after the crash]
AI[aka machine learning] had a problem in differing a white sky +white semi trailer;
one dead in that crash.
Most likely a good thing , union replacer. + replacer of overpaid workers.
Or the market can do some of that thru bankruptcy, Charle Munger said GM went to h*ll, one union contract @a time.
STILL needs some good management.
Guardian reported the driver in TSLA auto pilot crash, had 8 speeding tickets+ was watching Harry potter movie.[Still playing after the crash]
AI[aka machine learning] had a problem in differing a white sky +white semi trailer;
one dead in that crash.
Most likely a good thing , union replacer. + replacer of overpaid workers.
Or the market can do some of that thru bankruptcy, Charle Munger said GM went to h*ll, one union contract @a time.