Sir, you raised a fundamental question in all of this, a wonderful start point for the legislators who seem to be lost at where to start. The question is "who owns the data???" and how is that ownership being regulated ?
Props to the VT100 terminal as a prop, older than 99% of this video’s viewers. I primarily used one with an 11/23, UCSD Pascal and DIBOL (DEC version of COBOL).
Hey..cobol back in style recarnating on AWS Microfocus platform...all old things can be recycled eventually...why not...anyone out there building OO COBOL ? anyone
You would be surprise the now defuncted ancient IBM CMS back in the late 70 early 70's already had lightpen interface to guide interactive rocket lunar landing games at University of Toronto computer rooms and their other dept of libraey info science already using PARC Xerox Star mouse graphical interfaces that Steve Job and Bill Gate borrowed their GUI Window technology from... all old things can recarnate back in style someday
The singularity of AI will create a single perception resulting in a "lemming effect". If everyone has the same information and same analysis at the same time. Everyone will be charging at the same time in the same direction, resulting in extreme volatility.
Before I stopped dca-ing into my retirement account, it was 220k and has now depleted to 175k in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.
Do some research. The demand for advisors have risen more now than it did in the 90’s. At least their importance in an economy such as this can’t be understated. There are a good bunch as well as a bad bunch. You gotta do due diligence and use discretion. I work with Monica Mary Strigle sh’s big timer in New York w/ over 600 m worth assets under management
I have seen advisors and commentary on them but not one that looks this classy. She experienced as detailed in the report. I set up a call. How soon should one expect feedback?
I am using llms to extract insights and create summaries. Generation is one aspect, validating and to be able to rule out luck and ensure no hallucinations at 100th iteration is a bit challenging.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
This suggests that the world may soon witness new types of crime, prompting the creation of new organizations dedicated to preventing such threats before they arise.
As to data provided by me being used by the entity I provided it to, the data could be used as long as it is not being used against my. If the data were used against me it would be a violation of natural law.
If Robots/A.I. will take over and do everything, how can the common man invest with money he can't earn anymore? Is that a paradox? It seems financial markets will not exist right? Money will be meaningless because the work force works for free.
“We are, I believe, involved in present at what I can only call a Third World War…. Man’s struggle to save his personality from destruction by technology is something more than a substitute for war. It is a form of war itself.” Arnold J. Toynbee, British historian
Sir ..stock market it's One group of people (speculate) with numbers They play To day they decided to send high..for haven some observations on reactions of players..how they will play Next day they sens low.. I don't agree never to play in stock If someone wants to make a future happy ? Bonds are oky 10y If they needed for to day Then stay working and play for day Treasure are not for playing games..😂 Reserve. Metals can not help nothing in economics high inflation Bonds gv Reserve too ate risk You are MIT professional..and some all good 👍 👏 You are right ✅️ thx. There are just a numbers Do you believe 35 trillions are real money? Paper without value Numbers control for cautioned.. Don't print money please. 😂with destroyed people Lifestyle
Would an AI advise you to bet on Trump being elected in 2016, if the AI's designer made the AI left leaning? In other words, would the AI put its designer's interests ahead of yours?
I disagree with the prof - behavior finance & sentiment analysis is human psychology- the underlying word is ‘human’ - and he’s saying machines/LLM can interpret human emotions? Two different LLMs can interpret human completely differently - could cause a crash
You simply do not understand A.I I have been an investor for just over forty years and see the clear advantages. Please watch Mo Gawdat, A.I is very soon to be twice as bright as the most intelligent person on Earth. In 13 to 14 years time artificial intelligence will be more than 1 billion times MORE intelligent than humans, and you think humans can out think this form of intelligence, maybe by then artificial general intelligence will be in bedded as well and A.G.I will certainly out think any human
#ednan The rapid adoption of LLMs in the financial sector poses significant risks, including potential misinterpretation of human behavior, which could lead to erroneous decision-making. As LLMs enhance fraud detection, risk assessment, and customer service, their reliance on vast data can introduce biases and inaccuracies. A sudden shift in LLM deployment without adequate safeguards may destabilize financial markets, as firms could act on flawed insights or recommendations, leading to systemic failures. Thus, while LLMs offer transformative potential, their integration must be approached cautiously to mitigate risks.
Good god! Is this the level of intellect of an MIT professor? So repetitive. If I was in his class I’d be falling asleep and then asking for a refund. Do u really need to explain such basic terms as “hallucinations” and “fiduciary responsibility”. Five minutes of information stretched into a 20 minute snoozefest. I should just have gotten an AI to summarize the video for me 😂.
I love the idea of training the LLMs along the lines of the fiduciary standard in the financial markets.
As with full function self driving technology....who is at fault when people crashing on their investment ?
Sir, you raised a fundamental question in all of this, a wonderful start point for the legislators who seem to be lost at where to start. The question is "who owns the data???" and how is that ownership being regulated ?
Props to the VT100 terminal as a prop, older than 99% of this video’s viewers. I primarily used one with an 11/23, UCSD Pascal and DIBOL (DEC version of COBOL).
Hey..cobol back in style recarnating on AWS Microfocus platform...all old things can be recycled eventually...why not...anyone out there building OO COBOL ? anyone
You would be surprise the now defuncted ancient IBM CMS back in the late 70 early 70's already had lightpen interface to guide interactive rocket lunar landing games at University of Toronto computer rooms and their other dept of libraey info science already using PARC Xerox Star mouse graphical interfaces that Steve Job and Bill Gate borrowed their GUI Window technology from... all old things can recarnate back in style someday
We used them back in the latest 80s/early 90s in our custom Datatrieve application running on our Microvax 2. Anybody remember FMS?
The singularity of AI will create a single perception resulting in a "lemming effect". If everyone has the same information and same analysis at the same time. Everyone will be charging at the same time in the same direction, resulting in extreme volatility.
Before I stopped dca-ing into my retirement account, it was 220k and has now depleted to 175k in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.
How can one get in touch with them? I’m looking for a fiduciary what’s the kinda fee for consulting?
Do some research. The demand for advisors have risen more now than it did in the 90’s. At least their importance in an economy such as this can’t be understated. There are a good bunch as well as a bad bunch. You gotta do due diligence and use discretion. I work with Monica Mary Strigle sh’s big timer in New York w/ over 600 m worth assets under management
I have seen advisors and commentary on them but not one that looks this classy. She experienced as detailed in the report. I set up a call. How soon should one expect feedback?
Looks good. I hope my email doesn’t end up ignored, lady is very young for that experience and looks quite brilliant. Thanks for sharing.
I am using llms to extract insights and create summaries. Generation is one aspect, validating and to be able to rule out luck and ensure no hallucinations at 100th iteration is a bit challenging.
Sounds like the variation between consensus and truth.
Fabulous insight into how artificial intelligence will become dominant in this field 🙏🙏🙏
Really great content ! Thanks for sharing it guys !!!
The mess I have expierenced at offices since this stuff has been implemented doesn't give me much hope
Hi- Thank so much for this. Where is part 2 ?
ua-cam.com/video/7pOom_qlAH4/v-deo.htmlsi=d8kv2DzFd8FZc9Ii
Thanks for the video sir, please stay on many videos
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
she's mostly on Instagrams, using the user name
FXBROOKE 7 💯.. that's it
Please tell her that I reffed you 👍
She'll guide you💯
This suggests that the world may soon witness new types of crime, prompting the creation of new organizations dedicated to preventing such threats before they arise.
aistockadvisor AI fixes this. AI & LLMs transforming financial advice.
Professor must be using back-to-future computer systems, I have not seen that before!
There's a big snowball coming down the hill behind you, professor.
The best teacher !!!
So how can i use this information if many other people either know it or knew it months ago?
Limited factual information. He translates just a list of beliefs and hopes.
I recommand the work of W. O. van Quine "Word&Object".
As to data provided by me being used by the entity I provided it to, the data could be used as long as it is not being used against my. If the data were used against me it would be a violation of natural law.
he is right
As interesting it is, I believe most financial sentiment data is repetitive, exaggerated and delayed. But interesting video, thx
If Robots/A.I. will take over and do everything, how can the common man invest with money he can't earn anymore? Is that a paradox? It seems financial markets will not exist right? Money will be meaningless because the work force works for free.
CAN AI SOLVE CHAOS TECHNOLOGY - GARBADGE IN GARBADE OUT - WE KNOW THE MASSIVE MISINFORMATION IF FED TO THE MAINSTREAM?
With all the fails of AI its scary to someone use it for Financial Advice ...
“We are, I believe, involved in present at what I can only call a Third World War…. Man’s struggle to save his personality from destruction by technology is something more than a substitute for war. It is a form of war itself.”
Arnold J. Toynbee, British historian
Sir ..stock market it's
One group of people (speculate) with numbers
They play
To day they decided to send high..for haven some observations on reactions of players..how they will play
Next day they sens low..
I don't agree never to play in stock
If someone wants to make a future happy ? Bonds are oky 10y
If they needed for to day
Then stay working and play for day
Treasure are not for playing games..😂
Reserve. Metals can not help nothing in economics high inflation
Bonds gv Reserve too ate risk
You are MIT professional..and some all good 👍 👏
You are right ✅️ thx.
There are just a numbers
Do you believe 35 trillions are real money? Paper without value
Numbers control for cautioned..
Don't print money please.
😂with destroyed people
Lifestyle
Why is this financial professor sitting in the electronics lab?
He is not alone in the lab. There are three of them: professor and two distant relatives of AI.😊
Chased by a tiger on the African Savannah -- LLM or Prof hallucination?
Navier-Stokes Proof just dropped on UA-cam, $1M math problem solved
Where’s part 2?
Coming soon
@@MITCSAIL it would be useful if he explains how he does this real time risk assessments using LLMs
Just so you guys know, RenTech has done this since the 80's... *highest annual return in the industry*
Medallion fund?
Would an AI advise you to bet on Trump being elected in 2016, if the AI's designer made the AI left leaning? In other words, would the AI put its designer's interests ahead of yours?
I guess I saw him in Veritasium's video
The guy from YOU finance influencer and top founders of Ginkgo Bioworks($DNA) are from MIT too. All are total MIT failures!😮
prof is right brained, head tilted to the right.
I disagree with the prof - behavior finance & sentiment analysis is human psychology- the underlying word is ‘human’ - and he’s saying machines/LLM can interpret human emotions? Two different LLMs can interpret human completely differently - could cause a crash
You simply do not understand A.I
I have been an investor for just over forty years and see the clear advantages.
Please watch Mo Gawdat,
A.I is very soon to be twice as bright as the most intelligent person on Earth.
In 13 to 14 years time artificial intelligence will be more than 1 billion times MORE intelligent than humans, and you think humans can out think this form of intelligence, maybe by then artificial general intelligence will be in bedded as well and A.G.I will certainly out think any human
Exactly, just don't say that loud, or the AI cult will crucify you lol
#ednan
The rapid adoption of LLMs in the financial sector poses significant risks, including potential misinterpretation of human behavior, which could lead to erroneous decision-making. As LLMs enhance fraud detection, risk assessment, and customer service, their reliance on vast data can introduce biases and inaccuracies.
A sudden shift in LLM deployment without adequate safeguards may destabilize financial markets, as firms could act on flawed insights or recommendations, leading to systemic failures.
Thus, while LLMs offer transformative potential, their integration must be approached cautiously to mitigate risks.
@@bravewarrior1218 agree
Good god! Is this the level of intellect of an MIT professor? So repetitive. If I was in his class I’d be falling asleep and then asking for a refund. Do u really need to explain such basic terms as “hallucinations” and “fiduciary responsibility”. Five minutes of information stretched into a 20 minute snoozefest. I should just have gotten an AI to summarize the video for me 😂.
This guy doesn’t know what he’s talking. LLM can have grounded truth with RAG. Besides LLM are not designed to be analytical