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17.04.26 - 05:15
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Research: UBS Expects BOC Hong Kong 1Q26 Results to Be Flat, Rates Neutral (AAStocks)
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UBS published a research report stating that BOC Hong Kong (02388.HK) will announce its 1Q26 results on April 29. The broker expects revenue and pre-provision operating profit (PPOP) trends to remain weak, with operating profit potentially recording a slight YoY decline of 1%. UBS noted that weak net fee income and mark-to-marke......
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17.04.26 - 05:04
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What AI Doesn′t Know - And Why It Matters (ZeroHedge)
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What AI Doesn't Know - And Why It Matters
Authored by Richard Porter via RealClearPolitics,
Artificial intelligence has taken the wired world by storm, but the backlash came almost as fast. Progressives complain of job losses, environmentalists question the ecological impacts of huge data centers, and local activists are clamoring for assurances that household utility bills won't skyrocket because of the centers' voracious electricity requirements. Others simply worry that the technology will overwhelm humans' ability to control it.
At least in part, these reactions stem from the overselling of AI.
AI is super cool, but it's not superhuman nor is it super intelligent. AI is simply very fast processing of vast amounts of data.
Intelligence, knowledge, understanding and wisdom are all different concepts; the distinction between them elucidates the scope and limits of both human and electronic “intelligence.”
Intelligence is the ability to process information into an internally coherent ...
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