Posted on 09/16/2025 9:25:02 AM PDT by SeekAndFind
Machines certainly can make businesses and people more efficient, but I have never believed that A.I. itself makes us more intelligent.
Basically, Google AI, and I assume most A.I. programs, just regurgitate what they read. They do not appear to analyze or evaluate things to see how truthful they are.
The great danger is that people, especially children and people posing as journalists, will believe whatever something called artificial intelligence spits out.
I asked Google A.I. a simple math question.
Have Trump’s tax rate cuts from 2017 cost the government trillions of dollars?
Yes, most independent, non-partisan analyses of the 2017 Tax Cuts and Jobs Act (TCJA) found that the law significantly reduced government revenue by trillions of dollars over its first decade. The Congressional Budget Office (CBO) estimated the cuts would increase the deficit by approximately $1.9 trillion over ten years.
Instead of just answering the question with actual revenue receipts for the seven years of actual receipts from the seven years after 2017 from 2018 to 2024, the A.I. went to supposedly independent, nonpartisan think-tanks for the answer. And then, for no reason, it threw in the predictions from the CBO, as if that were meaningful. Predictions are not factual.
Somehow, when the A.I. was searching for answers, it missed this one.
Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families
The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.
(Excerpt) Read more at americanthinker.com ...
Do you have a lot of experience using AI (like Grok or ChatGPt) in your work?
In other words I used it for entertainment.
But then, people pay me to produce accurate data.
I’ve managed a very successful stock portfolio for a long time—after a career as a senior investment banker on Wall Street—and I use AI every day to analyze companies and markets. AI is reshaping the investing landscape; firms that don’t use it are already considered behind the curve.
The financial industry, along with the companies driving it, rely on AI to sharpen their competitive edge. Since AI is the prime driver of the market right now, it’s safe to say these people and firms are not profoundly stupid.
What strikes me is the emotion in your response. AI is a rational, analytical subject. Why approach it with insult rather than analysis?
The markets are incredibly complex. Over the long run, they are the ultimate measure of intelligence and discipline. Luck may carry someone for a while, but never forever. In the bigger numbers — large portfolios — there are no ‘stupid people’; those who were would have been washed out years ago.
As for your AI comment, I’ll hold back. I doubt you’d understand what I really think.
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