Tag Archives: Technology

Aug 30 2016

Artificial Intelligence Computers Replacing Lawyers


Armstrong Economics Blog

Re-Posted Aug 30, 2016 by Martin Armstrong

Computer Cloud

The trend toward replacing opinion-oriented fields like analysis is also taking root in medicine as well as law. The new computer named ‘ROSS’ is an AI computer that acts as a bankruptcy lawyer and is now being employed by some of the world’s largest law firms. Oh, they will still charge you as if a person spent hours instead of seconds to reach the same conclusion. But, hey! We are approaching virtual lawyers like in the movie “Total Recall.”

Aug 30 2016

Artificial Intelligence – Machine Learning


Armstrong Economics Blog

Re-Posted Aug 30, 2016 by Martin Armstrong

Artificial Inteligence-1

CRITICISM: The Computer has no bias or imput?

Which is impossible: a computer needs information or facts to make decisions. Unfortunately, ‘facts’ are often skewed by humans for personal or political purposes. Saying such, however, is to your advantage. If the computer is wrong, you are guiltless. If correct, you benefit as the creator of the computer. Any frequent reader of your knows that you predict every outcome and can always point to a successful one.

JC

REPLY: You completely fail to grasp the difference between AI and standard analysis. If there were ANY human input, then I might as well retire and say you are on your own, thanks for the good times. You assume “facts” are based on human analysis and selection of what events to put in and leave out. That can never be a valid model. People act in anticipation of events before they happen. So just how do you create a fundamental input of mights and maybes?

By stepping back and allowing the computer to analyze, I have learned far more from it than I could teach the computer.

Personally, I have had a good nose for trading. But I am not infallible because I am human. Whenever I have thought something might happen, it is the computer who is correct. The computer has proven me wrong plenty of times.

Any errors I make are confined to interpretation, but your comment proves a point I have long made. There is absolutely no way everyone would ever follow the model. There will always be people who disagree for a host of reasons.

Beyond AI

self-referal

Artificial intelligence has taken a giant leap forward into cognitive machine learning. We are well beyond the simplistic computer programs that were expert systems masquerading as AI.

We have crossed that threshold and embarked on a journey of creating computers that can self-generate. It can adapt and learn like a child.

Your skepticism reveals you fail to understand the advances in technology all around you. Even Google learns what you like and tailors advertisements targeted to your interests.

If any human input were skewing fundamentals, it would be worthless. I could never quit under such circumstances. Sorry, we have great supporters who understand what this journey is all about. Then we have those who really despise whatever I do because it upsets their comfortable vision of the world and how that should work.

The only reason the computer tends to be more right than wrong is rather simplistic. When you are tracking the entire world, if you are right one on segment, you have to be right across the board. Everything is connected. Sorry that you cannot see that.

Open your eyes. AI is taking over everything and I would rather have a computer analyze my symptoms than a doctor any day. Computers do not make mistakes — humans do.

Good luck

Jan 20 2016

An Engineer Dies and goes to Hell!


An Engineer dies and goes to Hell. Dissatisfied with the level of comfort, he starts designing and building improvements.  After a while, Hell has air conditioning, flush toilets and escalators.  The engineer is a very pretty popular guy.

One day God calls and asks Satan, “So, how’s it going down there?”

Satan says, “Hey things are going great. We’ve got air conditioning and flush toilets and escalators, and there’s no telling what this engineer is going to come up with next.”

God is horrified. “What? You’ve got an engineer? That’s a mistake – he should never have gone down there! Send him up here!”

Satan says, “No way. I like having an engineer on the staff. I’m keeping him.”

God says, “Send him back up here or I’ll sue.”

“Yeah, right,” Satan laughs, “and where are you going to get a lawyer?”

Jan 14 2016

This could be Yuge


Gravity Waves Discovered? Origin of Cycles?

Re-Posted on January 14, 2016 by

Gravity-Waves

Prof. Laurence Kraus is a well known theoretical particle physicist at the University of Arizona. With a short message on Twitter, Kraus caused a stir around the entire world: “My earlier rumor about LIGO [Laser Interferometer Gravitational Wave Observatory] has been confirmed by independent sources. Stay tuned! Gravitational waves may have been discovered!! Exciting.”

What’s the big deal? Gravitational waves are actually waves within space-time.They were predicted to exist back in 1916 by Albert Einstein who surmised that they were either the result of massive stellar explosions (supernova of type II) or the merging of black holes and neutron stars. Even the Big Bang itself should have sent gravitational waves into space-time according to Einstein. If true, this would be the origin of cyclical waves.

According to Einstein’s theory of general relativity, gravity is not a force as Newton postulated with the apple falling from the tree. Instead, gravity, Einstein argued, was a property of space and time, which could be distorted by large masses. This, in turn, could affect light and matter. Earth would thus curve the surrounding space-time, and any large masses in motion would thereby create wavelike disturbances in space-time.

No one has been able to prove the theory just yet. So Kraus’ Tweet has sent its own shockwave throughout the world.

Nov 16 2015

The Open Mind Learns and Prospers


The Closed Mind Discovers Nothing but Bias

RE-Posted on November 16, 2015 by

pi_symbol_1600_clr_12661

A number of people have been writing in to say how they just discovered the mathematical constant π (pi) in a quantum mechanics formula for the energy states of the hydrogen atom. This is truly astonishing proving the is a fundamental cornerstone of nature.

While I discover the existence of pi in the business cycle, it has been widely discovered in many other fields. What this proves is precisely what I have been saying all along — there is an interesting order being masked as chaos. This hidden order is fundamental to everything. This hidden order behind chaos or the appearance of randomness has led many to assume that the world is subject to our will, and therefore, we can manipulate the world, including the economy, to do as we desire. This is just not true. There is a hidden order behind everything if we just explore.

Wallis JohnIn his book “Arithmetica Infinitorum”, the British mathematician John Wallis defines π as the product of an infinite string of ratios made up of integers. There have been many so-called analysts who simply say that I am wrong and pi has nothing to do with markets. Yet they argue for phi, Fibonacci, chart patterns, and so on.

There is far more order in the structure of the universe and everything within it than meets the eye. We are still exploring and pi is coming up in many fields, which has surprised numerous people. They are no different from the critics who claimed that the world was not round since they could not understand how you would stand upside down without falling off a ball. Hence, the world had to be flat.