Monthly Archives: January 2023

GPT Prediction: AI shows up everywhere except in productivity statistics

Robert Solow, an economist, said in 1987 that computers show up everywhere except for the productivity statistics. It took a good two decades at the time for this to fundamentally change. I predict the same “Solow Paradox” will apply to … Continue reading

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GPT Prediction: Fat Finger Event

In the finance industry a fat finger event describes a typo with consequences. A few years ago, a Deutsche Bank trader mistakenly transferred 6 billion. Prediction: This is exactly what will happen with GPT as well. Actually, it will happen … Continue reading

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The Google Moment

With the release of ChatGPT, a wide audience has become aware of what AI can do today. I can remember when we started using the early versions of Google for the first time in 1997/8, we knew: That was it … Continue reading

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Unjustified Inflation

Inflation is a nuisance and yet an opportunity for some. However, it is more of a devilish opportunity: inflation is caused by profiteering. It is caused when companies or individuals increase prices for their own benefit instead of reflecting changes … Continue reading

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2023 – a linear year

Welcome to a new year! Welcome to a linear year. 2022 was truly extraordinary. Some attribute to it the character of a turning point in time. Like 9/11 (2001) or the fall of the Berlin Wall (1989), February 24th was … Continue reading

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