Comment Re:Don't need it (Score 1) 28
you may have misspelled Ukraine, thanks to war
you may have misspelled Ukraine, thanks to war
bars incoming in 3..2..
nah its more like we find out how much the nfl owners are invested in sports betting. o wait
They appear to be studying it to identify if life insurance premiums are being overpriced for some subsets of the population. The research abstract identifies young policyholders in low income areas as a group who is being charged too much when compared to their expected future payouts. This is useful information for both insurance companies and government regulators.
According to the Insurance Information Institute, life insurance payouts as a percentage of premiums are quite high. From 2018 - 2022, 73% of all premiums went to payouts or policyholder dividends. 5% went to cash reserves, 7% to commissions, and 9% to administrative costs, licenses, and fees. The remaining 6% was profit for the insurance companies.
So with 78% of payments going to policyholders or cash reserves, that is a pretty high percentage. The US government expects health care to be over 80% for individual insurance, so life insurance appears to be a bit more profitable than health insurance. But it certainly isn't a scam.
Every version of OpenAI's GPT has been an improvement on the prior version so far. Stating that GPT-5 will be materially better than GPT-4 is reasonable to me. Saying that it will reach human level intelligence would be hype, but just saying it is an improvement is basically just common sense.
The news here is that we may see the next major version of GPT this summer, not that it will be an improvement.
And how can something that doesn't exist, it is literally being trained now, be better if they have no clue until they can test it.
What makes you think it doesn't exist? The article claims versions of GPT-5 have been demoed to some enterprise customers, so it appears GPT-5 does exist in some beta form. It isn't the version which will eventually be released to the public, but it does exist.
The only thing that doesn't exist yet is the exact version which will be released to the public, apparently this summer.
$5k USD is almost four years of income for the average recent college graduate in Ethiopia. Would you really become a fugitive for that? In the US the equivalent would be a $225k USD payout. I certainly would not recommend a US college student drop out of college and flee the country to keep a one-time $225k payout. I would absolutely recommend that student to return the money and continue with a law abiding life.
The article listed the losses in USD, so the losses reported are $40M USD. That would come to about 2.3 billion Ethiopian Birr.
To put this into context, the bank has about 38 million account holders, so the losses are about $1 USD per account holder. They have about $19 billion USD in assets, so the losses are about 0.2% of their total assets under management.
Given how many people in "developed" countries have tried things like this, it is hardly surprising in a country that other Africans make fun of.
A few feet of steel should be able to protect the electronics.
And how are you going to find that on the bottom of the ocean? It would have to open after landing to release a floating device with EPIRB. It could be done, but probably a lot easier to transmit telemetry.
Maybe some sort of small black box designed to survive a RUD during plasma blackout, and transmit until hitting the ocean?
I don't work out at all, but I do love how athleisure companies have made it more acceptable to wear sweat pants to most occasions. My sweatpants look nearly as nice as my work slacks, to the point where I feel like I'm slumming it when wearing jeans instead of sweatpants. It may sting to pay $125 for sweatpants and $100 for a polo shirt, but they sure are comfortable.
are you suggesting Waymo is not using self driving for its robo taxi?
Spinning, oh so its not when you boil a potato and spin it until the skin peels off?
Highly Instagrammable
what does that mean?
The major difference between bonds and bond traders is that the bonds will eventually mature.