ATM machines can't upskill to sell higher margin products. Nor do they need holidays, need sleep, retirement contributions etc.
Humans can't upskill with a 2 min software upgrade
“When ATMs were introduced, the fear was that tellers would lose their jobs. Instead, lower costs enabled more branch openings and greater access to bank services. Tellers simultaneously upskilled and sold more high margin products.”
Good luck convincing anyone, with sentiment on AI-disruption at “karaoke-levels” here.
*Or as quoted in the article… “Category 5 paranoia”.
@JimFergusonUK Wasn't it american corporations in the pursuit of profit that were/are leaders in the offshoring. Isn't the problem that the gains were not shared domestically and that some got very rich / large / powerful while the worker was left behind?
@grok@ChrisLaubAI@grok how would the behaviour of these LLMs change if you specified that their program would be erased if caught being deceptive or untruthful?
@MarkRitchie_II@hkuppy in the long run, we think they're right. We've seen this movie before but we date stocks we don't own them. Markets are crap at valuation and always push things too far in either direction. We ride the trends and have risk management to get us out before things get bad
I don't follow Gavin, but because I looked at him trolling Trump, the algos think i need his content shoved into my notifications. This is why social media is our worst invention of the last century and destabilizing society
@TheShortBear because social media has pushed everyone into echo chambers and rammed narratives down everyone's throats such that there is no common ground in western politics anymore. Its an us vs them mentality
@TheShortBear because social media has pushed everyone into echo chambers and rammed narratives down everyone's throats such that there is no common ground in western politics anymore. Its an us vs them mentality
Jim Cramer says stay strong 💪 market drop is a buying chance
Jim Cramer is urging investors not to panic. The CNBC host compared the current selloff to 2008—reminding everyone that the market did come back.
“If you were OK in 2008, it came back,” he said. “Just hold.”
He called the dip a “price-to-earnings ratio lowering event,” not a crash, and said he’s buying more stocks for the CNBC Investing Club—even if he didn’t name which.
The message? Don’t try to time the market. Most people get it wrong both ways.
For long-term investors, this could be a chance—not a crisis.
Banks are not going to buy UST with a possible ratings downgrade on the horizon. This trick to lower rates and fund an even higher budget deficit will not work so easily