Artificial Intelligence Potential
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- Опубликовано: 26 сен 2024
- Since taking over T. Rowe Price’s Global Technology Fund Dom Rizzo has outperformed his competitors and market benchmarks. He explains why AI was and will be a major emphasis.
WEALTHTRACK episode 2051 broadcast on June 14, 2024
More Info: wealthtrack.co...
Many people (including Dom Rizzo) brainstorm what they feel AI could do, and then act as if it is doing it already. It's not. It doesn't work, and answers it gives are dubious on Chat GPT. And it doesn't learn from its mistakes, even when corrected. Will it work eventually? Yes. But right now, it's a natural-language interface, a google search, and a nice output, but frequently with the wrong answers, mistakes etc. It doesn't learn, and it doesn't reason. It's not really AI, and it's not improving efficiency and productivity of the users. It will get there, but over decades, and peoples' and investors' belief in it today is misplaced. Just because CEOs want to (and need to) mention it in quarterly earnings calls, they are buying it, but it hasn't improved productivity and when people realize this, the whole thing will go on simmer for a decade.
Artificial intelligence is an artifiicial business model, just like the tulip bulb craze. Enjoy it while it lasts. Why do I say this, simple reality always wins, someone has to make the donuts no matter how many emails you send to the cloud and go home early from work.
The customer service reduction from 11 min to 2 min is because we hate ai Customer service . I never get an answer so I hang up or log off.
What I wrote exactly before scrolling down. It took 2 minutes to realize there's no route to a helpful human being.
This dude doesn't understand the actual technology, but is good at throwing jargons around. Helpful for a beginner, but...
Very aptly, she starts with a dialog from “Graduate” about Plastics representing the future in 60s. Look what plastics have done to the planet in 50-60 years. Will AI do that to the nature of reality and our very consciousness in next 50 years? By the way, HAL 9000 was the computer in “Space odyssey 2001” A must see movie if you haven’t seen it.
AI is learning process ..now is based on probability but general intelligence will be there once we have more data for system to learn ..the transition from CPU to GPU will be huge..technology is evolving..the guy explained cpu to gpu transition well ..
6:37 she is like i totally understand what you are saying. )
...and with that slight wink-wink smile. 😉
I love Connie, she's so cool. 🥰
Always so well prepared with good questions, regardless of her knowledge or mastery of the subject. Her show is a public service for sure.
@@PatrickDonaldson I was just making a joke. I like her show actually. :) That's why I'm watching.
@@jasonmraz3239 Yes, I got the joke and thought my comment regarding her little smile would be an effective way of communicating this, I guess it missed.
I certainly don't question your love of the show.
the term bots was changed to Ai .I wonder why .I like bots better. Can you imagine the amount of email we will get soon when bots send them automatically. I delete all email now w/o reading them.
Thank you for having some young people explaining their ideas.
I like that. I was shocked to see a senior guest Bill Miller say hIS portfolio is 50% invested in Crypto
@@marcusorealist Bill made millions in crypto many year ago when I think it was below $10. It overwhelmed his portfolio.
@@marcusorealist That's insane.
What would John Rockefeller have done to his competition other refiners, railroads etc etc. if he had AI, what will our democracy be like if one of these few AI boys gets control of the voting and judicial systems?
Count me skeptical. They were talking about artificial intelligence when I went to school back in the 1980's. We were working on Silicon Graphics and Alliant vector (parallel) processing machines in the 1990's. So AI leverages the world of misinformation called the internet?
Skeptical is putting it lightly, I'm skeptical, but you're downright cynical. Back in the 80's you had to tailor your source code to the particular hardware to implement parallel and vector algorithms. Today's adaptive AI platforms include not only adaptive hardware, they also provide comprehensive software development tools and accelerated APIs for Real Time Operating Systems. It's powerful stuff, but I still think this "Artificial Intelligence" tag is misleading. Ultimately, it's still garbage in; garbage out. The amount of garbage has grown by orders of magnitude and the garbage out comes out faster and is higher quality garbage. We're not talking self aware machines, but it's quite a bit more than leveraging the low quality garbage of the internet.
This was one of the best interviews I have seen on this show.
Caught the repeat of this show a few minutes ago. Now I think that I understand a bit more of why politicians might be upset about ai, as many of them are lawyers. With the advent over the last 10 years (?) of ai, they see themselves as being out of a job as attorneys. Boggle. I am reminded of a CBS' 60 Minutes episode hosted by Mike Wallace, in the mid to late 80s where it was shown that a former office manager (who was not an attorney) for a lawyer that had made photo copies of about 12 blank legal documents. Ones that she had originally prepared under her boss' (who was a lawyer, but had died, in the saddle, so to speak) supervision. After the month or two it took for the dust to settle from her previous boss' passing, she set up her own office and started to fill out blank photocopies under her own name, as it were. After about 6 months, she had been successfully sued for 'practicing law without a license.' Apparently, the filling out of these forms were the basic bread and butter of the lawyers of the State in which Mike did his interview in. I forget the State in which this occurred --- it has been a few years. I suspect that many lawyers see these widgets that are already here and online, taking away their own jobs away from them if they are voted out of office. The only advantage that people might currently have over ai widgets, is that these widgets have yet to master the "talent" for swilling booze at Moe's? In a practical manner? What might be next, accounting? Maybe there's gonna be a march, a sit-in? PBS is often funny in a tongue in cheek sort of way. This is one of those times. Still chuckling here. Many thanks.
Only 3000 views of this- top of the heap- show ,while the airhead influencers lip synching music videos, get millions .we live in a deranged nation.
Excellent interview. Thanks
HAL 9000
It is sort of helpful at this point with research. A better smarter Google if you spend all the money in the world right now. You still won't have much in the next 1. 2. And even 5 years
She asks all the right questions
Wow. This interviewee really knows his stuff. I'm impressed!
Rizzo rocked it. 🖖
Excellent interview from both sides.
THAT was one of the best guests. I watched it 3 times. I want to move investments around .Small mid caps have underperformed.
God help humanity if these quick buck artists unleash their caveman ideas to Nuclear power etc.
Thanks!
He’s drinking the koolaid
Please elaborate.
Thanks for the excellent content, Wealthtrack. The trick is to make AI smarter, but not smarter than us; otherwise, we humans will have a big regret. Think of the movie Terminator and Skynet.
We're not even close.
@@PatrickDonaldson True. Studies testing whether people would decline to let artificial intelligence network with other computers should it become smarter than us showed that over fifty percent of people let the AI network after being promised the cure for cancer or a much extended life.
is this the same RIzzo as the singer LIzzo? He's skinny
Yes the R is for rangy, L is for lard.
@@marcusorealist buahahahaha