Guitar Market Poll

[PiggySmallz]

dude, it's easy for me to see it, being in IT. Robotics are quite advanced, and we haven't even hit quantum full tilt with AI. I can easily see a machine doing the job of trades at some point. Up until the actual advent of a feasible AI, everyone thought the trades would be the first to go. Turns out the brains are easier to make than the physics involved in movement. I unfortunately see admin and managers as the only jobs in those fields, as AI takes over everything else. We have a support dept, that could easily today, be taken over by the AI. They are problems that occur frequently, that there is already a database of solutions for. It's only the client at this point that feels comfortable talking to an actual person. They will soon be able to fool people there as well though.

Oh I dont doubt it. I've seen the tech displayed, I just mean I can't see a ton of people adopting it. The trades are already under massive pressure from private equity. They're buying up HVAC/plumbing/electrical all over. They leave them in the typical LLC name and buy up multiples. They all use same quote management/billing systems too. If you get a quote from Steve's AC that seems ridiculous and decide to shop around, it doesn't matter. Bobs AC is also owned by the same PE company and will quote you pretty much the same. We stopped creating real value and innovation long ago. This country relies on debt and wealth extraction for GPs and LPs

 

[Erock]

Oh I dont doubt it. I've seen the tech displayed, I just mean I can't see a ton of people adopting it. The trades are already under massive pressure from private equity. They're buying up HVAC/plumbing/electrical all over. They leave them in the typical LLC name and buy up multiples. They all use same quote management/billing systems too. If you get a quote from Steve's AC that seems ridiculous and decide to shop around, it doesn't matter. Bobs AC is also owned by the same PE company and will quote you pretty much the same. We stopped creating real value and innovation long ago. This country relies on debt and wealth extraction for GPs and LPs

yeah, I can't argue with treachery. I don't doubt a thing you are saying unfortunately. I just hope it means some kind of purpose for my kids. I can't even imagine what the future is going to look like, if there isn't a limit put on what AI can replace.

 

[The~Kid]

I actually wrote a paper in 2017 on AI/API and how it's pretty much the future.....


None of the students liked it and especially the teacher but it seemed inevitable then and even more so now. Back then no one was talking about it really or thought it possible but now that is all everyone seems to talk about



It honestly happened faster than projected under my paper.

 

[Erock]

I actually wrote a paper in 2017 on AI/API and how it's pretty much the future.....


None of the students liked it and especially the teacher but it seemed inevitable then and even more so now. Back then no one was talking about it really or thought it possible but now that is all everyone seems to talk about



It honestly happened faster than projected under my paper.

My good friends kid went for graphic design. He is at a high priced college, about to graduate. Imagine the prospects at this point.

 

[The~Kid]

My good friends kid went for graphic design. He is at a high priced college, about to graduate. Imagine the prospects at this point.

The thing is I think people shouldn't give up so fast and there is probably more opportunities now for people to do a lot more than they ever have with the help of AI.


I believe education is still important in that sense and it shouldn't be undervalued. I mean it's going to be a big change but those who use AI in practical and meaningful ways seek to benefit the most.

 

[Erock]

The thing is I think people shouldn't give up so fast and there is probably more opportunities now for people to do a lot more than they ever have with the help of AI.


I believe education is still important in that sense and it shouldn't be undervalued. I mean it's going to be a big change but those who use AI in practical and meaningful ways seek to benefit the most.

I legit hope you are right. The profession his boy went into, is almost completely gone at this point however.

 

[The~Kid]

It actually happened faster than projected, I could have imagined or anyone could have but it's actually happening less than 10 years after I wrote this paper.



My opinion on AI/API in 2017…… back then no one was talking about this and the criticism I got for it from the Professor couldn’t have been more begrudging. I haven’t read it in a while but yeah………



Gaze into the crystal ball…….



See the future…….






November 22, 2017










To Whom It May Concern



According to an article by Viewpoint (Dhar 2017) Fintech or the use of technology or software in the finance industry is growing new and revolutionizing trends. With the help of API (Applied Programmed Integration) and Artificial intelligence, the ability through technology and software for machines to communicate to one another the productivity and efficiency of the finance industry is happening. The Finance industry has always been about people. People have faith and trust banks to have their money for them in safe keeping for when they need it. Financial Advisors and Financial Analyst have always been the gatekeepers between financial institutions and investors. But thanks to AI(Artificial Intelligence) and API that have been developed relative recently in the past few years, the trust from people to people, investor to financial advisor/analyst, to investor to machines. But with anticipation of this trend students can learn about these new tools and innovations to help them be more competitive in their future careers.



I am asking the Career Center to not only include my report to be used as material to help other Business Majors learn more about this industry and hopefully give them a competitive edge over other students from other schools that don't have this knowledge.



Sincerely







Daniel Rios

Enclosed



THE FINANCE INDUSTRY



The finance industry is a huge part of the American economy. According to Select USA in conjunction and working with other entities “Financial markets in the United States are the largest and most liquid in the world. In 2016, finance and insurance represented 7.3 percent (or $1.4 trillion) of U.S. gross domestic product. Leadership in this large, high-growth sector translates into substantial economic activity and direct and indirect job creation in the United States.”







There is a huge change happening now in finance with the help of AI and API. API or Applied Programed Integration helps machines and software to communicate with each other to make decisions. API have been used for 20 years but thanks to the advent of AI these API are capable of more than alot than just being a tool. These software can think, and make decisions on their own. See different things a normal person or even a trained professional can. In theory these API combined with AI can do better investments or analysing that people.



Technology has changed alot over the years. Almost thirty years ago people would not have believed that such a thing as smartphone with touch screen was even possible. Or that a phone would be able to do so much with apps and all the other technology and software people take for granted. Almost ten years ago no one would have imagined that artificial intelligence was possible, such things were of science fiction.



Thirty years ago the finance industry was different. The computers had nowhere near the capability that a phone has now. Everything was almost medieval. Paper was used over digital, office hours were from nine to five, and people still needed other people to tell them how to invest their money through meticulous work. API and Artificial Intelligence may be pessimistically looked at as a big danger to taking people's jobs but optimistically the hope is that these new technologies will make industries and firms more efficient and profitable with humans leading the way using API and AI to make decisions.





Ultimately these new technologies will be the way of the future for finance, and those who use them to their advantage over those who don't it will provide a leading edge in the finance industry.













API and AI Finance Markets

The Way of The Future





Wall-mart and Target have self checkout instead of using people.. Uber may have a fleet of driverless cars in five to ten years.. According to Amazon's website and the use of drones (Amazon.com) “Prime Air has great potential to enhance the services we already provide to millions of customers by providing rapid parcel delivery that will also increase the overall safety and efficiency of the transportation system”... “We're excited about Prime Air — a delivery system from Amazon designed to safely get packages to customers in 30 minutes or less using unmanned aerial vehicles, also called drones” (Amazon.com/Amazon Prime Air 2017).





So what's going to change with the finance industry. Instead of stock brokers running on wall street, will there be drones like in science fiction movies making decisions? Will the finance industry become nothing more than a bunch of robots replacing traditional Financial Advisors and Analysers?





There is a trend happening, where humans in Wall Street are being replaced by robots. According to the article The money machine(Sally Adee 2017 New Scientist) “More and more human traders are being shown the door. And researchers like Lo are beginning to find that the more the stock market is run by machines(AI/API), the less it behaves like one. Today's markets are an ecosystem, a zoo of bots grazing on our pensions and investments -- and no one quite knows how they work.”(New Scientist, 02624079, 10/14/2017, Vol. 236, Issue 3147) The benefits of having AI and API means that markets are safer and not as volatile to human error.





The reason machines are pushing people out of the industry is simply that the robots, AI and API can and are simply capable of calculating and analyzing far beyond what any human can see.




The rise of API and AI are lower cost and more efficient than people because they are run by computer algorithms with little to no human interaction to make them work and virtually errorless work.





Changing the Industry

For Financial Advisors and Financial Analysers

And society in general



Using these new technologies the industry is changing faster than humans can keep up. Although the “robots” may have an advantage due to their enormous advantage of calculations and analytics, this does not mean that there is no human direction or human influence regarding decision making but there will be less human direction nonetheless.





Not only are machines taking over finance but they are taking over almost every industry. Retail, machine shops, carpentry, food. The truth is that the machines are better than humans and according to a report by Gallup (McGauddy/Forbes)“ Automation and artificial intelligence (AI) are among the most disruptive forces descending upon the workplace, says the Gallup report, and 37% of Millennials “are at high risk of having their job replaced by automation, compared with 32% of those in the two older generations.”



Not only will this mean less jobs for Finance Advisors and Analysers but less jobs to society as a whole.













The Importance of AI, API to the Financial Advisor/Analyst



This is a fairly new and increasing trend and there may be a lot of pessimism thrown about with the knowledge that pretty soon almost every individual will be competing with some sort of automated machine or the other. That is one stance one may take. But the other stance would be to take advantage of this new technology. To better use it to increase returns on investments and make more money. It (money) is in fact a product of the financial industry, and the higher return one gets on investment the better always.



The hope is that one may take from this is that these new technologies are available and can be used to better improve efficiency and productivity and return on investment. Instead of being afraid of change and cowering in the danger of possible obsoletion of the human race, these technologies should be used for the wise who ever they may be to be better and more efficient than their competition.



The use of API and AI in society and finance as a whole may lose jobs for many. The way of the future bows to the few that see the power, potential and possibilities of these new technologies and use them to expand and grow, rather than cower in fear and defeat.

 

[The~Kid]

Back then the only real practical applications were for block chain and investing pretty much........


I mean now.....


Now it's a whole new ball game in 2025 and there are a variety of practical applications.

 

[Omnipotent1]

South Park episode- You call the handyman?

If you haven’t watched it I suggest doing so.. A lil blurb:

Тhe South Park episode "You Call the Handyman," Randy tries to teach his kids how to fix things themselves after a broken oven door frustration. The episode explores the idea of relying on technology and external help versus developing practical skills, especially in a world where AI could potentially take over many tasks.

 

[MusicIsLife]

I haven't really tried to sell anything in the last few years. I eventually got tired of the hassle of packing and shipping, paying fees to the various intermediaries, and have also encountered way too many flakes in the local markets. I don't have to sell existing gear in order to fund whatever else I want, so selling eventually became a chore I just didn't want to deal with, for better or worse.

As a buyer, it seems like a lot of sellers still value their used gear more than I do. I'm sure there are deals out there, but perhaps they're getting snatched up before I see them. I did just snag a used, mint condition MIK Gretsch G5420T with a TKL hard case for under $600, and that didn't seem too bad.

 

[Geo]

It's simple, when the US Dollar goes to zero, the people holding tangible assets such as, art, gold, muscle cars, guitars, etc., will be happy they hung on to their belongings. You are going to need something to barter for food.

 

[Floyd Eye]

It's simple, when the US Dollar goes to zero, the people holding tangible assets such as, art, gold, muscle cars, guitars, etc., will be happy they hung on to their belongings. You are going to need something to barter for food.

Not necessarily.

 

[Geo]

Not necessarily.

You aren't going to be able to offer a farmer a USB fob for some chicken.

 

[Floyd Eye]

You aren't going to be able to offer a farmer a USB fob for some chicken.

True, but no one is saying you will. There’s a lot of ways to get food though.

 

[Geo]

True, but no one is saying you will. There’s a lot of ways to get food though.

Giving blow jobs?

 

[Floyd Eye]

Giving blow jobs?

Hunt.

Take it from your neighbor.

 

[Geo]

Hunt.

Take it from your neighbor.

If you live in city, you are going to have to hunt your neighbor.

 

[Omnipotent1]

These worries aren’t necessary… & a waste of energy. Not going to happen in our lifetimes…. The top 1% would give up 95% of their net worth to make sure the dollar remains in power.. You think they want to hunt? Or have their entire empire collapse.. no sir.. Wall Street is everything to these cats & they have to make sure it’s protected. Maybe someday when resource run dry but this is not for us to worry about… Enjoy your day Just my opinion.. but what do I know.. I’m just an idiot with a keyboard

 

[Geo]

These worries aren’t necessary… & a waste of energy. Not going to happen in our lifetimes…. The top 1% would give up 95% of their net worth to make sure the dollar remains in power.. You think they want to hunt? Or have their entire empire collapse.. no sir.. Wall Street is everything to these cats & they have to make sure it’s protected. Maybe someday when resource run dry but this is not for us to worry about… Enjoy your day Just my opinion.. but what do I know.. I’m just an idiot with a keyboard

The rich will always be rich, they know how to protect their wealth. It's the everyday joe that is going to have a hard time. Just history repeating itself.

 

[stratjacket]

It’s a small industry built on disposable income, so I think it will always be volatile.