The Intel CEO had always come from engineering fab. This kept the high level decisions made by somebody who understood the product and how it was made.
Then CEO and the head of fab was caught sexually harassing employees. They were both shown the door. So no CEO and the guy who was next in line were gone. They needed the number 2 in fab to take over fab to keep production up.
So the board decided to make the CFO the new CEO. A guy who had a MBA was running a chip company that had only been run by engines.
Profits went up for a while but then Intel struggled to maintain innovation and properly upgraded fab and chip design. Add the increasing skill of rivals and a increase in importance in chips other then server and desktop. which were the only areas Intel was king. It’s a recipe for failure.
Prisencolinensinainciusol an Italian song that is complete gibberish but made to sound like an English language song. That’s what AI is right now.
Berkshire Hathaway owns Geico the car insurance company. In one of his annual letters Buffett said that autonomous cars are going to be great for humanity and bad for insurance companies.
“If [self-driving cars] prove successful and reduce accidents dramatically, it will be very good for society and very bad for auto insurers.”
Actuaries are by definition bad at assessing new risk. But as data get collected they quickly adjust to it. There are a lot of cars so if driverless cars become even a few percent of cars on the road they will quickly be able to build good actuarial tables.
The solution for this is usually counter training. Granted my experience is on the opposite end training ai vision systems to id real objects.
So you train up your detector ai on hand tagged images. When it gets good you use it to train a generator ai until the generator is good at fooling the detector.
Then you train the detector on new tagged real data and the new ai generated data. Once it’s good at detection again you train the generator ai on the new detector.
Repeate several times and you usually get a solid detector and a good generator as a side effect.
The thing is you need new real human tagged data for each new generation. None of the companies want to generate new human tagged data sets as it’s expensive.