183
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Nov 2023
183 points (91.8% liked)
Technology
59287 readers
5304 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Accountants are about to be out of a job.
In all seriousness though, it just means the tools we have will become more precise, so you can dig though a company's financials within seconds and know where irregularities lie.
Which is great news for the IRS. If they could get their hands on that setup.
Which is also bad news if you are a stock trader and an AI just took your job.
Which is a crazy idea to think about....
Who had capitalist AI overloads on their apocalypse bingo card?
Right? It isn't a big leap to think that hedge funds and brokerages are gonna invest in adding this tech to their trading tools
To me, A.I. is mostly a threat to mid-level management and white collar, client-facing careers. Pretty soon, AI tools will be able to take in data and generate reports, summaries, and recommendations better and faster than people reading dashboards. Those careers will probably go before the ones people are predicting (like creative professions). A lot of financial sector jobs are what I just described.
I don’t think people in those careers now should be panicking, though. Travel agents were supposedly made obsolete by online booking but experienced travel agents used their expertise in itineraries to basically become boutique trip planners. It just isn’t a career path you’d recommend to the next generation.
The thing just managed arithmetic, it hasn't mastered Black-Scholes... yet. That's when the AI wars truly start. Wallstreet would throw dump trucks of money at something that could beat a Quant. Or even do it as good as a Quant, but slightly faster.
In theory BS should be right up its alley because GPT is essentially a stochastic probability machine at heart anyway.