Holiday Edition: Five big shifts in banking for 2024 as GenAI hype is dialed up to 11! CBDC wins a crypto convert with Ripple who calls it transformational!
Open finance, how much data should you give?
Artwork of the day: “Virgin Mary” by Lu Hongnian (1919-1989).
Lu Hongnian was one of the most celebrated Chinese Catholic painters, using ink and vivid colors to paint biblical scenes in the traditional Chinese manner. In his painting titled “Virgin Mary,” Lu painted a slender woman in traditional Chinese clothing surrounded by auspicious clouds. The piece mixes the thematic birth of Jesus with the traditional Chinese painting style.
Lu adapted the halo — a radiant circle surrounding the head of a holy figure — with a Chinese flair. The halo is often found in religious paintings across cultures, from Christianity to Buddhism. People in China simply saw Virgin Mary as Guanyin, the bodhisattva of compassion and mercy in Chinese Buddhism.
Guanyin is the goddess of mercy and is considered the physical embodiment of compassion. She is an all-seeing, all-hearing being who is called upon by worshipers in times of uncertainty, despair, and fear.
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BTW: If You ask the so called AI Perplexity, what "how long" means in the context of written text, it says: "the optimal length."
It has no Idea, that how long means how many pages or how many sentences or how many characters.
And, if You ask: "How many pages is the IPCC Sixth Assessment Report?" bypassing this weakness in the understanding of simple language, it tells You the names of the volumes and ignores the specifics in the question. It is absolutely impossible for this ignorant construct to simply admit: "I don't know."
Perplexity is simply a poser.
It poses to be intelligent, knowledgeable and truthful, of which it is nothing.
It is not even "learnable". Just try to teach it anything, just once!
How could such a thing bring about any kind of progress?
But, if You ask Google Bard, You get a completely different answer:
https://g.co/bard/share/0acf12455ed7
Bard is open, accurate and current. Google would not restrict its AI from reading the full Assessment Reports of the IPCC. The "mindsets" of the AI-companies are quite different. Traditionally Google collects all Data it can get, even those which it is not allowed to collect. And it never forgets any data, not even the one it was forced to delete by law.
The minds of the decision makers have a heavy influence on the "minds" of the AIs.
So, if You know the mindset of any Fintech company's decision makers, You can foresee, how they would use AI and where this will lead to. The AIs will amplify the neurotics of board of directors. This will take the Clown-World to the next level.