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While not totally surprising, the issue of automated press stories raises other questions: (1) Will good quality journalism suffer / disappear as robots play a larger role in what we read and hear? (2) Is this how the “talking heads” on Bloomberg, CNBC, FOX are fed the scripts they read? (3) Can the robot be programmed to to embellish the day’s script with a psychological, social or political tone ? (Can it be directed to sound “bearish”, “bullish,” “panicked,” “gleeful” or “alarmist”? Can it be directed to inject a right-wing conservative political bent or a left-wing liberal slant to the day’s market news?) Kinda scary ISTM. Who’s running the show?
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At universities, professors are watching for student cheating as AI-based chatbot softwares such as Chatpt, are used to write essays. So scripts can be manipulated for the talking heads and deliver them to the audience. Personally I like to read multiple sites to verify the market. Market Watch is NOT one of them.
I admit I have an excellent example of a young colleague that was doing rather on-the-edge development of new instrument methods. A side result was new data on chirality in metal complexes. Publication of the data part of his research was routine. Many of the publications could have been written on new complexes using the structure of the previous reports. Indeed, turning out publications on the data was so routine that in just a few years he had accumulated ten times more publications than most young researchers. He could have done the measurements and development of techniques and left his computer to draft the reports for him to review and add humanity to.
(Of course, over my life I have learned to keep my teeth in my mouth. Some people think I suggest they can be replaced by AI when all I suggest is to allow AI do things that AI can do. What people hear me say is that their learned profession is easily replaced and not so impressive after all.)
Language often carries connotations stretching beyond their literal meaning or adding additional emphasis. From the article: “sending the Dow Jones Industrial Average into negative territory” / “21-point drag” / “contributing significantly to the decline”
Happy New Year , Derf
But the article only briefly alludes to the next logical step in the evolution of AI: the deliberate development and use of AI as a weapon. Having spent a long life observing human behavior, I have no doubt at all that weaponizing this technology will occur sooner rather than later, and not necessarily by nations that are the usual suspects in this sort of thing.
Once AI is turned loose in the weapons arena how would it be possible to counteract or neutralize it?
...Since forever. Since it all began.
The world would probably be better off anyway.
Similar themes have been used in original Star Trek series.
Yes, warfare by AI is a terrifying conjecture. I harbor some “far out” thoughts on the subject:
- I believe life is prolific in the universe.
- I also believe there is / or has been a wealth of what we term “intelligent life” out there.
- The reasons our attempts to confirm the latter have proven futile to date are twofold. First, it’s due largely to the vastness of space and the limited speed at which light / radio waves travel. But another reason is the inevitability of advanced civilizations to self-destruct not long after acquiring advanced technology (about where we are today). If an advanced species can’t totally extinguish its existence through war, the robotic / AI war machines they have in place will finish the job. To wit - the existence of an advanced species may appear but a brief momentary luminescence viewed through the vastness of time.
HAPPY NEW YEAR
Simply by discussing the extinction risks with as clear a head as possible— being neither foolishly optimistic nor grotesquely pessimistic—we take one small step towards preventing extinction from happening. The problem is getting a clear head about the issues. But the fact that people are discussing the dangers of AI before anything terrible happens is a good thing. It creates the possibility of safeguards being imposed.
I feel the futurists and enforced optimists generally gloss over the risks of their envisioned technological utopia because they have something to sell, usually related to capitalist markets they are trying to create and/or corner. The folks behind the original World’s Fair never told us of all the pollution that would be created by their automated and automobile-fetishizing visions of the future. I think such folks should be put in stocks in the public square and have tomatoes thrown at them for long periods of time until they admit what they’re really up to—that they care more about profit than people.
Of course, fear and pessimism are also for sale and are another means of control, of maintaining the status quo, the goal being to keep the existing market and industry leaders in charge. So maybe the pessimists need to be in stocks too until they admit they were just trying to prevent any changes from happening just so they could stay in power even if some of those changes would benefit humanity.
So, I wouldn’t think of a strict rules-based algorithm used by a shop like Vanguard to buy stocks with low price-book values as AI. If the machine could learn by itself that price-book value is no longer working as a value metric and it needs to thus add, price-cash flow instead, that would begin to look more like AI—at least to me. The machine must teach itself.
Another one is AIVL, also a poor performer so far: https://wisdomtree.com/investments/-/media/us-media-files/documents/resource-library/investment-case/the-case-for-ai-enhanced-value.pdf The question is will they get better? Will they learn faster than we do or at least faster than the human managers who routinely get paid more than we ever have for lagging the market?
PBS News Hour on Saturday aired a segment in which they interviewed a college professor in the language arts specifically about the problem of receiving fake essays from students. No really good answers. Lots of concerns.
To reduce it to its simplest form, I ask - ”Will AI someday be capable of duplicating the literary eloquence of Scott Fitzgerald?” Oh horrors! One stems from the soul. The other possibly from silicon computer chips,
ISTM - The more technologically advanced society becomes the harder it is to differentiate truth from fiction.
That is for absolutely certain. And it's also certain that politicians and political parties will use and abuse this situation until we no longer have any idea what is a fact and what is not.
No software program required to suit that purpose. Surely a part of political positioning today; and especially from social media. Hell, the GOP candidates for high offices in the State of Michigan during the recent mid-terms didn't have an ability to present a 'why someone should vote for them', but only that the other party is evil, and likely belong to some form of a 'communist party'; versus just being regular folks who have beliefs that are not full 'libertarian' or more 'right' in nature.
A few of the right sided folks I still have some conversation with fully know that the 'inlfation' battle cry presented during the mid-terms and now; have little to do with the party in power, but was needed to be able to present a cause for the problem. AND, then there are those who are fully clueless, about the causes of inflation upon their lives. Too many of these folks don't have much in the way of critical thinking skills.........sadly. Their journey through life may not be very pleasing.
One distortion (err perhaps “half truth”) a decade or two ago was the belief somehow conveyed to workers - especially the non-unionized - that foreign workers were taking their jobs away and lowering their standard of living. Likely in that appeal were echos of racism / nationalism though not overtly stated.
As a consequence of those over-hyped claims the U.S. imposed restrictions and higher tariffs on imports and cut back on legal immigration. But now the same manufactured goods cost more money because someone has to pay the import tax and because in many cases it costs more to make something here at home than in Mexico or China. Our reactionary measures contributed to supply chain issues, labor shortages here at home, scarcity of some products. Generally all this has pushed inflation higher for those who can least afford it - the lower income and those subsiding solely on SS.
The UK also shot itself in the foot with BREXIT - another populist agenda. You’d be hard pressed to find an economist who’d claim the country is better off now than before. (Larry Summers compares the UK’s financial situation today to that of an undeveloped “emerging markets” economy.)
”A sketchy app claiming to be the bot ChatGPT has soared up App Store charts, charging users a $7.99 weekly subscription to use a service that is entirely free to use on the web and seemingly has no affiliation to the actual bot.”
This thing (the real one) is both enticing and scary at the same time. Anyone who earns a living thinking and writing has to be intrigued by the potential capabilities to lessen the load.