In 2019 the Organisation for Economic Co-operation and Development predicted that automation technologies would eliminate 14% of the world’s jobs and radically transform another 32%. Then regenerative AI arrived (ChatGPT and its hordes). These new technologies are very good, and maybe better than most humans, at things like coding, research and writing. Here are some…
Nobody had heard of a prompt engineer a few months ago but today it’s the newest, hottest job around, commanding anything up to $1 million a year. So, what does a prompt engineer do? In essence, they ask AI (Artificial Intelligence) the right question to get the right answer. Let’s assume a financial planning firm…
Let’s start at the very beginning, the “Big Bang”, also known as the “Singularity” or “the before and after”. At the “Big Bang” we were all one and it seems, may still be. Split a photon and separate them by any distance and they remain “entangled” – a change to one has an immediate effect…
Is it better to own your work force rather than to rent it? “Slavery” is coming back. Most of us already have a slave or two like a vacuum cleaning robot, or an Alexa app that turns on your appliances and gives you information on demand. AI (Artificial intelligence) is going to give us an…
A major part of financial advice is analysing and recommending a product. Can a robot do this? I asked ChatGPT3 (the old version of the new AI sensation) “what superannuation funds in Australia have a low cost and high performance” as well as “do a quantitative analysis on BHP shares”? The response in the…
QAR (Quality of Advice Review) is about making financial planning advice affordable and accessible to ordinary Australians. Qualified, licensed advisers have seen their numbers fall to nearly half as education and compliance requirements suffocate them and force up the cost of giving advice. According to Adviser Ratings, only 10.1% of consumers saw a wealth adviser…
The CEO of OpenAI (Sam Altman) has compared his firm’s work on artificial intelligence to the Manhattan Project, where the first nuclear weapon was developed during World War II. Just like the warnings against the development of the atomic bomb, more than 2,000 tech experts and leaders across the world signed a letter calling for a pause…
You can’t have a robot in a meeting! Seems you can and it will probably become common. Microsoft’s robot (Artificial Intelligence) will listen in on your Microsoft Team meetings, take minutes and suggest follow-up action. It can also scan inboxes, documents and spreadsheets to draft emails and presentations. You can (for example), ask it to…
Michelle Levy’s Quality of Advice Review (QAR), seems keen to put the banks back in business flogging their products to trusting customers, with the only protection that the advice be “good”, rather than in the customer’s “best interests” Will bank employees who thought their job was to help customers with their banking needs be given…
According to Reuters, as of Feb 1, ChatGPT (the new AI robot on the block), reached 100 million monthly active users in two months after launch, making it the fastest-growing consumer application in history. It has passed law exams in four courses at the University of Minnesota and another exam at the University of Pennsylvania’s…