Given vast computing resources, the new model was able to solve certain mathematical problems, the person said on condition of anonymity because they were not authorized to speak on behalf of the company.
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?
bad news if you're a stock trader
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.
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?
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.