Applying for everyone’s job – “The Prompt Engineer”.
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…
How to win Lotto with quantum mechanics.
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…
Modern slavery
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…
The real future of affordable and accessible advice (part 2)
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…
The real future of affordable and accessible advice
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…