by Nicholas Mitsakos | Artificial Intelligence, Innovation, Podcast, Writing and Podcasts
This podcast discusses my article on the current state of artificial intelligence, focusing on the limitations of large language models and the unrealistic expectations surrounding the development of artificial general intelligence (AGI). I argue that AI systems are not on a trajectory to match or exceed human intelligence because LLMs lack common sense and rely on regurgitating information rather than understanding. Despite the hype surrounding AGI, it is decades away, and the current focus on LLMs is misguided. Instead, I advocate for a different approach to AI that incorporates real-world interactions and visual data.
by Nicholas Mitsakos | Podcast, Writing and Podcasts
Some of the world’s most important industries are being profoundly impacted by new technological innovations and platforms, such as artificial intelligence, digital assets, blockchain-based businesses, gene editing, and DNA sequencing, enabling unprecedented disruption to business and economic models.
Stable predictability is increasingly anachronistic. Every company or industry will either be a disrupter or disrupted. The leading growth companies of today stand an excellent chance to be memories tomorrow.
by Nicholas Mitsakos | Podcast, Writing and Podcasts
Investment success combines predicting the future, the confidence to make bold choices, and the fortitude to stay with those choices. Today’s volatile and uncertain world requires new knowledge and perspective and assembling relevant facts from many diverse sources to make better decisions and achieve superior returns.
There is no simple formula. Thoughtful observation of complex factors, understanding their interrelation, and predicting the outcome of their interaction is challenging. Media-based quips are usually misguided, superficial, and potentially catastrophic.
by Nicholas Mitsakos | Book Chapter, Panel Discussion, Podcast, Technology, Transformative businesses, Writing and Podcasts
Digital assets are disrupting finance – the world’s largest industry. All assets, intellectual property, and even currency can now be digitized, and anyone can access anything from anywhere. The finance industry is being this intermediated and globalized, economic development and policy will be forever changed.
by Nicholas Mitsakos | Podcast, Uncategorized, Writing and Podcasts
Inflation fears, currency tremors, market jitters, and emotional vacillation causing joy and terror because all these outcomes seem equally likely. No realistic gauge is showing reliable directions for key metrics. Near-term data usually predicts the near-term future,...
by Nicholas Mitsakos | Book Chapter, Digital Assets, Economy, Podcast, Uncategorized, Writing and Podcasts
Technology is facing policy changes with global resonance, such as China’s new crackdown, the rising resistance to social media, and government’s desire to manage and control technological development. “I’ll build a wall and we will be fine...
by Nicholas Mitsakos | Podcast, Writing and Podcasts
Economists would make one fundamental mistake – Economics is not a science. Human behavior and irrationality, combined with the market’s unpredictability and randomness make predictions mostly useless. Mostly useless means you are destructive. It is...
by Nicholas Mitsakos | Podcast, Writing and Podcasts
Economists would make one fundamental mistake – Economics is not a science. Human behavior and irrationality, combined with the market’s unpredictability and randomness make predictions mostly useless. Mostly useless means you are destructive. It is...
by Nicholas Mitsakos | Podcast, Writing and Podcasts
Digital currencies, crypto assets, digitized securities, and distributed ledgers require an enormous amount of power. While the combination of these assets is subject to tremendous hype, the environmental impact has been mostly ignored. However, this is changing...
by Nicholas Mitsakos | Podcast, Writing and Podcasts
Digital currencies, crypto assets, digitized securities, and distributed ledgers require an enormous amount of power. While the combination of these assets is subject to tremendous hype, the environmental impact has been mostly ignored. However, this is changing...
by Nicholas Mitsakos | Podcast, Writing and Podcasts
Distributed ledger technology (Blockchain) and digital assets have the potential to dramatically disrupt global equity and debt markets. This will decentralize critical data and enable an entirely new financial system where capital flows without the need for...
