Whew … the fascination, hype (over hype), popularity and sexy coolness factor of Artificial Intelligence aka AI is astounding… Maybe getting over done here… Let’s bring this back down to Earth with the following simple Explanation ….
Heck, earlier this week, see below an AI Assistant popped up here on our WordPress blog platform…
Oh, by the way in less than 10 minutes ran this by the Mrs. and the graduating 18 year old, 15 year old techie was still asleep, and they got it … Hopefully can keep this short and simple here in words!
AI – Artificial Intelligence Today explained
Program assigns a number to all the words in the English Language – other languages too of course.
Cluster of huge computers located somewhere inexpensive scans everything it can get its eyes on, and tags the patterns of the numbers from the words it has scanned…
Not kidding, this is it!
Type in a question on an AI platform? Computer checks its numerical patterns from huge above, and gives you an answer!
Inferred Limitation
Original Content – By definition, it can only be a repeat of a pattern answer, nothing new and original, but put together parts from prior information…sure some may argue here… YES AI created this picture!
Huge Advantage
Repeatable, structured tasks… Think data entry, non creative programming, redundant tasks!
And that is it…. Wonderful possibilities, great time saver, will effect a lot of people, but hold on… Not going to solve all the worlds problems! Hoping for funny “Back to Earth” sarcasm here!
Have a Great “AI Explained” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
July 2023 Audio Video Review – RMD Reminder -AI – Cyber – FOMC on the Brakes – Financial Planning and Capital Market Review – By John Kvale CFA, CFP
Hello and Welcome to our July 2023 Financial Planning and Capital Market Update!
If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast audio format as well as Video!
Newbies –
We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets thoughts and current events!
Hope you enjoy!
BREAK IN – CLIENTS – Early RMD
July 2023 Video
YouTube
Financial Planning Tip(s)
AI – Artificial Intelligence Update – Great but Not Saving the World
In this timely post (in our humble opinion – IMHO) we revisit the latest rage… AI – Artificial Intelligence – very similar to Dot.com in our opinion… So we try to clarify…
Oh… Here is a GREAT YouTube resource for explaining AI – Christopher Penn a Marketing Expert we have long followed
From the Post:
AI – Artificial Intelligence Today explained
Program assigns a number to all the words in the English Language – other languages too of course.
Cluster of huge computers located somewhere inexpensive scans everything it can get its eyes on, and tags the patterns of the numbers from the words it has scanned…
Not kidding, this is it!
Cyber Reminder –
They are at it again…. Watch out!
Capital Market Comments
Go Powell Go – Rates a 24 Year High – Both Feet On the Brakes!
Careful what we ask for….
Have a Great Day, Talk to You at the End of August !
John A. Kvale CFA, CFP
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Posted in Audio, Economy, Education, General Financial Planning, Interest Rates, Investing/Financial Planning, Market Comments, Monthly Review, Podcast, Video
Tagged AI, AI Explained, Christopher Penn, Cyber, FOMC, John Kvale, Monthly Review, Rates