I think we should load the tax codes in and then ask ChatGPT, who benefits the most and least from this code? Of course that's only if it doesn't just spin it's little brain into oblivion and produce a blank screen. You know that will be a use of AI for the Washington crowd. AI is the new WMD, weapon of middle class destruction. As has been quoted many times in these pages, you will own nothing and be happy about it. You and I are simply a statistic, our resources become their resources.
Beam me up Scotty, I'm done! Pray my friends, pray.
"In fact, some experts believe that AI could be the biggest reduction in economic input costs since the discovery of oil and the invention of the steam engine and the internal combustion engine."
But wait, I thought the discovery of oil and the invention of the steam engine and internal combustion engine were all bad things?
I submit the very best trade of the future will be to correctly time the shorting of Nvidia. Today's AI is just a replay of the ". com" bubble. Replacing the human brain with AI will be as successful as locking up our students for 2 years, replacing their teachers with all that marvelous cell phone and laptop computing power and knowledge. How did that turn out?
Are we really ready when our next IRS audit request is signed by some IRS-AI agent?
Fortunately, at 85 I don't even have to pretend to be enthralled with all this AI nonsense.
AI is going to be a great boon to those who think outside the box, because AI can only function inside the box, and will define what the box IS, so you can know whether you are outside the box or not. True creativity will always be one step ahead, for it leaves the known and ventures into the unknown. AI and academic intelligence share this in common, they will always stay within the known. I'm no expert in AI, but I've spent a lifetime with academic intelligence. It only goes kicking and screaming away from its comfort zone.
I’m a Southern boy and it took even me a minute to get “aowa!” Hahaha! My Dad is 82 and knows where he is, however, due to stroke damage really doesn’t like leaving home. A three or more step process has become too large of a battlefield to cross now. But, he loves life, enjoys his morning coffee, and loves watching nature happen outside the house. Even he can render an opinion or judgement on right and wrong about the Fed. So, I hope nobody hooks up ChatGPT to a weapons or banking system expecting great things. The examples in the article are telling. James P. Hogan, the great science fiction writer, wrote about pseudo smart AI and how dangerous it could be from simple operations as the complexity of available solutions to the AI system grows. If a hill blocks a construction project, will the AI schedule a dirt moving crew (slow), or get things done quickly with a low yield nuke (fast)?
Anyone who puts data that has real value into the cloud now is a complete fool, unless they're on a campaign to misinform. AI can only "learn" from the stuff that's in its library. Unlike humans, it can't figure out that it's missing a book and go order it from Amazon to improve its knowledge. The reason it's good at law is because law is based on precedent. Do we want everything to be based on what's already happened, recycled endlessly? Never mind, we already watch reruns of I Love Lucy and most movies are sequels...........
I would add to the AI-bot's reply about the Nixon Shock: It also devalued work, and placed more emphasis on financial engineering. And this is related to something Bill explained a few years ago about inflation.
Before Nixon's Shock, the re was a closer correlation between the earnings of people at all income levels. But since the Shock, there has been a disconnect: The salaries of those at the top of tine income ladder grew more rapidly than those at the lower levels. I'm not taking a political position on this; it just happened that way. Just like Bill's example of the price of a Ford F-150 costing only $1500 in 1971, but costing more than $40000 today. Yet there is no indication of the average income-earner making 30X his income across that 50=year time-frame.
Note: Bill's example comes from the old Bonner-Deming Letter.
The whole point of AI, and its cousins, the world-wide web, so-called social media etc. is regulation. It's the modern version of the "on-off" switch, prison without the cage. Microsoft, in calling for regulation of AI, is being above board and upfront about its purpose. Of course, all of these modalities are sold as liberating, refreshing, and wonderful. That's how you get people to buy in. If they were candid and open about the real intent and effects, no one would participate. Each incarnation of "digital technology" is more insidious than the last, and freedom, privacy, and liberty recede incrementally with each application. Don't kill the messenger. As an old history prof of mine used to say, "You pays your money, and you takes your chances." Best always. PM
In my initial “talk” with ChatGPT when it first came out (it may be better since then) my main concern was its inability to search out new (and conflicting?) information. It could only access what had been given it. So, who gives it what, how often is new information downloaded, and who decides what information is true or acceptable for its use?
looking back to 1962 I've made a lot of money from the IT industry .. like the paperless office ..? anyone remember that? or all of the other promises made by IT companies .. so what has Apple Microsoft and MacDonald's etc etc all those top 100 blueshit companies got in common ?
They are not and have never been market leaders .. ONLY MARKETING leaders .. they know how to sell BullSh** better than anyone better than all the rest .. not one single innovation or invention has come out of the continental states in over 75 years! check the Patents Register or better yet get Chat-ass to check it for you .. only in the chemical/medical arena have some new patents been discovered in the US by US citizens .. in most cases it's foreign researchers at US funded or associated campuses in other countries who've made breakthroughs that get credited to US ingenuity (COVID) .. what a lot of BS .. but it's the propaganda food that the masses depend on to fool themselves that they are still the greatest smartest fastest most beautiful people on earth all because someone over 200 years ago said that they should be able to bear arms ie keep guns at home for protection which in modern day parlance means shoot everything that moves first and ask questions later .. so like the Paperless Office AI is just another smoke screen coming out of a rotting corporate empire that has to have another shot of hype/FIX, in order to keep the heart of the US corporate corpse beating for a little while yet .. but not to worry the end is in sight and hopefully out of that big pile of corporate Sh** will grow another newer better version of that grand libertarian experiment that those founding fathers tried to capture into the written word.
If as Bill writes; "AI sifts and sorts…it homogenizes and certifies, providing the most ‘mainstream’ ideas, information and opinions – that is, those that are most common and most valued by the rest of the world" then why have we not found ourselves back on the gold standard. The answer provided by AI clearly shows the pitfalls of a fiat currency. Clearly these are not mainstream ideas and opinions if they were we would soon be back on gold backed currency
If AI is anything like the internet, instead of making paper obsolete we'll need more of whatever it is we'll be saving. The internet and digital age was supposed to make life easier and people so much richer. In practice people work harder, have less free time, and are dumber than in any time in history.
Phones, I pads, I watches, etc, all have transformed the workaday fellow into a 24/7 slave to industry.
People have more phony money than any time in history, most people couldn't scrape together $10,000 if you put a gun to their head and couldn't source $2000 in folding cash in an hour to save their life.
The Irish had it right before they joined the EU. No taxes on real estate, a man's home is his castle. Per diem compound interest on mortgage notes is illegal. Live cheap and don't get too fancy, have more pubs than government offices in any given town. Know your neighbors to some extent, don't ride a bike or walk on the country roads, unless you want to die.
Several former colleagues and I discussed the impact of instant communications on foreign policy, business, and other fields. In the past the man in charge on the scene had the most accurate view of the current event in that location. The person was assigned there because displayed good judgement and maturity and an understanding of the overall goals. With instant communication the decision making has been migrated to someone back at a headquarters location who based upon the reports from the man at the scene, social media and AI believes those decisions superior. This kills flexibility, common sense leadership and removes the decision making from those who have the best appreciation for the situation. Margaret Mead in “Mirror of man” basically said that those at the lowest level of a problem understand that problem better than those in position above. Of course, her vocabulary and elegance of expression were at a much higher level than this rough summary.
I think we should load the tax codes in and then ask ChatGPT, who benefits the most and least from this code? Of course that's only if it doesn't just spin it's little brain into oblivion and produce a blank screen. You know that will be a use of AI for the Washington crowd. AI is the new WMD, weapon of middle class destruction. As has been quoted many times in these pages, you will own nothing and be happy about it. You and I are simply a statistic, our resources become their resources.
Beam me up Scotty, I'm done! Pray my friends, pray.
"In fact, some experts believe that AI could be the biggest reduction in economic input costs since the discovery of oil and the invention of the steam engine and the internal combustion engine."
But wait, I thought the discovery of oil and the invention of the steam engine and internal combustion engine were all bad things?
I submit the very best trade of the future will be to correctly time the shorting of Nvidia. Today's AI is just a replay of the ". com" bubble. Replacing the human brain with AI will be as successful as locking up our students for 2 years, replacing their teachers with all that marvelous cell phone and laptop computing power and knowledge. How did that turn out?
Are we really ready when our next IRS audit request is signed by some IRS-AI agent?
Fortunately, at 85 I don't even have to pretend to be enthralled with all this AI nonsense.
AI is going to be a great boon to those who think outside the box, because AI can only function inside the box, and will define what the box IS, so you can know whether you are outside the box or not. True creativity will always be one step ahead, for it leaves the known and ventures into the unknown. AI and academic intelligence share this in common, they will always stay within the known. I'm no expert in AI, but I've spent a lifetime with academic intelligence. It only goes kicking and screaming away from its comfort zone.
I’m a Southern boy and it took even me a minute to get “aowa!” Hahaha! My Dad is 82 and knows where he is, however, due to stroke damage really doesn’t like leaving home. A three or more step process has become too large of a battlefield to cross now. But, he loves life, enjoys his morning coffee, and loves watching nature happen outside the house. Even he can render an opinion or judgement on right and wrong about the Fed. So, I hope nobody hooks up ChatGPT to a weapons or banking system expecting great things. The examples in the article are telling. James P. Hogan, the great science fiction writer, wrote about pseudo smart AI and how dangerous it could be from simple operations as the complexity of available solutions to the AI system grows. If a hill blocks a construction project, will the AI schedule a dirt moving crew (slow), or get things done quickly with a low yield nuke (fast)?
AI is still a garbage in garbage out system. No independent thought just regurgitation.
Anyone who puts data that has real value into the cloud now is a complete fool, unless they're on a campaign to misinform. AI can only "learn" from the stuff that's in its library. Unlike humans, it can't figure out that it's missing a book and go order it from Amazon to improve its knowledge. The reason it's good at law is because law is based on precedent. Do we want everything to be based on what's already happened, recycled endlessly? Never mind, we already watch reruns of I Love Lucy and most movies are sequels...........
I would add to the AI-bot's reply about the Nixon Shock: It also devalued work, and placed more emphasis on financial engineering. And this is related to something Bill explained a few years ago about inflation.
Before Nixon's Shock, the re was a closer correlation between the earnings of people at all income levels. But since the Shock, there has been a disconnect: The salaries of those at the top of tine income ladder grew more rapidly than those at the lower levels. I'm not taking a political position on this; it just happened that way. Just like Bill's example of the price of a Ford F-150 costing only $1500 in 1971, but costing more than $40000 today. Yet there is no indication of the average income-earner making 30X his income across that 50=year time-frame.
Note: Bill's example comes from the old Bonner-Deming Letter.
The whole point of AI, and its cousins, the world-wide web, so-called social media etc. is regulation. It's the modern version of the "on-off" switch, prison without the cage. Microsoft, in calling for regulation of AI, is being above board and upfront about its purpose. Of course, all of these modalities are sold as liberating, refreshing, and wonderful. That's how you get people to buy in. If they were candid and open about the real intent and effects, no one would participate. Each incarnation of "digital technology" is more insidious than the last, and freedom, privacy, and liberty recede incrementally with each application. Don't kill the messenger. As an old history prof of mine used to say, "You pays your money, and you takes your chances." Best always. PM
Garbage in- Garbage out!
In my initial “talk” with ChatGPT when it first came out (it may be better since then) my main concern was its inability to search out new (and conflicting?) information. It could only access what had been given it. So, who gives it what, how often is new information downloaded, and who decides what information is true or acceptable for its use?
looking back to 1962 I've made a lot of money from the IT industry .. like the paperless office ..? anyone remember that? or all of the other promises made by IT companies .. so what has Apple Microsoft and MacDonald's etc etc all those top 100 blueshit companies got in common ?
They are not and have never been market leaders .. ONLY MARKETING leaders .. they know how to sell BullSh** better than anyone better than all the rest .. not one single innovation or invention has come out of the continental states in over 75 years! check the Patents Register or better yet get Chat-ass to check it for you .. only in the chemical/medical arena have some new patents been discovered in the US by US citizens .. in most cases it's foreign researchers at US funded or associated campuses in other countries who've made breakthroughs that get credited to US ingenuity (COVID) .. what a lot of BS .. but it's the propaganda food that the masses depend on to fool themselves that they are still the greatest smartest fastest most beautiful people on earth all because someone over 200 years ago said that they should be able to bear arms ie keep guns at home for protection which in modern day parlance means shoot everything that moves first and ask questions later .. so like the Paperless Office AI is just another smoke screen coming out of a rotting corporate empire that has to have another shot of hype/FIX, in order to keep the heart of the US corporate corpse beating for a little while yet .. but not to worry the end is in sight and hopefully out of that big pile of corporate Sh** will grow another newer better version of that grand libertarian experiment that those founding fathers tried to capture into the written word.
If as Bill writes; "AI sifts and sorts…it homogenizes and certifies, providing the most ‘mainstream’ ideas, information and opinions – that is, those that are most common and most valued by the rest of the world" then why have we not found ourselves back on the gold standard. The answer provided by AI clearly shows the pitfalls of a fiat currency. Clearly these are not mainstream ideas and opinions if they were we would soon be back on gold backed currency
If AI is anything like the internet, instead of making paper obsolete we'll need more of whatever it is we'll be saving. The internet and digital age was supposed to make life easier and people so much richer. In practice people work harder, have less free time, and are dumber than in any time in history.
Phones, I pads, I watches, etc, all have transformed the workaday fellow into a 24/7 slave to industry.
People have more phony money than any time in history, most people couldn't scrape together $10,000 if you put a gun to their head and couldn't source $2000 in folding cash in an hour to save their life.
The Irish had it right before they joined the EU. No taxes on real estate, a man's home is his castle. Per diem compound interest on mortgage notes is illegal. Live cheap and don't get too fancy, have more pubs than government offices in any given town. Know your neighbors to some extent, don't ride a bike or walk on the country roads, unless you want to die.
Several former colleagues and I discussed the impact of instant communications on foreign policy, business, and other fields. In the past the man in charge on the scene had the most accurate view of the current event in that location. The person was assigned there because displayed good judgement and maturity and an understanding of the overall goals. With instant communication the decision making has been migrated to someone back at a headquarters location who based upon the reports from the man at the scene, social media and AI believes those decisions superior. This kills flexibility, common sense leadership and removes the decision making from those who have the best appreciation for the situation. Margaret Mead in “Mirror of man” basically said that those at the lowest level of a problem understand that problem better than those in position above. Of course, her vocabulary and elegance of expression were at a much higher level than this rough summary.
I think an AI US President would be better than Biden, at least there would be some form of intelligence.
Notice how AI isn’t immune from convid propaganda, that’s a red flag.