Comment AI does a LOT of grunt work (Score 1) 110
Let's say that you have 6 years worth of information about an organization. You want to create a year-over-year summary report that drills into what the organization did and more importantly, what all that cost. Could you hire a few of people to pour over that data and try to come up with something useful? Sure. They'd be expensive and they take a lot of time to do the job. Also, you never know if they're not cherry-picking the data or concealing some of it because they have a personal axe to grind. Humans have their own motivations or lack thereof. They might not actually do the work and instead come up with a report that's B.S while using the money you paid them to go to Tahiti. AI would do this task in a day or two and it won't conveniently forget to include data because of some ideological viewpoint.
At this point, you do have to iterate a few times and disambiguate the information so it can process it correctly. But it asks you for clarification instead of assuming. The models are going to become more efficient and require fewer iterations over the next couple of years.
Ultimately, you do have to have a pretty good understanding of the subject matter in order to collaborate well. If you don't know the first thing about electronics and you asked AI to design a circuit to do something, it probably won't work. But if you know how to tell AI what you're seeing on scopes and meters, it can help you make modifications to get it to work. That applies to pretty much any subject. The people using AI to make a lot of money in the market most likely already have a good understanding of how the market works.