A Wharton professor says AI is like an 'intern' who 'lies a little bit' to make...
source link: https://finance.yahoo.com/news/wharton-professor-says-ai-intern-093700229.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
A Wharton professor says AI is like an 'intern' who 'lies a little bit' to make their bosses happy
UPenn professor Ethan Mollick compares AI to an "intern" who "lies a little bit," CBS reports.
Like interns, AI tools require guidance for their outputs to be useful, according to Mollick.
His thoughts on AI come as users adopt tools like ChatGPT to make their work and lives easier.
AI can be more than just your assistant — it can also be an employer's intern, says one professor.
Ethan Mollick, a professor at University of Pennsylvania's Wharton School of Business, said that AI tools can be "good for a lot of things" despite its tendency to make factual errors. But that's not so different from humans, especially those who are new to the job market, he said.
"It's almost best to think about it as a person — like an intern — you have working for you," Mollick told CBS News in an interview this week when asked about AI's usefulness and limitations.
Similar to interns who may overcompensate to get ahead of the curve, Mollick compares AI to an "infinite intern" who "lies a little bit" and, at times, wants to make their bosses "a little happy."
Writing emails, Mollick says, is one way AI can be used to "help you overcome blockages in your every day life" and become "a better and more productive writer."
But like interns, AI requires guidance for its outputs to be useful.
"It's actually very useful across a wide variety of tasks, but not on its own," Mollick says. "You need to help it out."
When Insider reached out for comment, Mollick referred to his previous blog post that echoes the sentiment.
"I would never expect to send out an intern's work without checking it over, or at least without having worked with the other person enough to understand that their work did not need checking," Mollick wrote in his blog post. "In the same way, an AI may not be error free, but can save you lots of work by providing a first pass at an annoying task."
- Yahoo Finance
Many married couples are making subpar retirement choices, study finds
Many married couples are leaving retirement money on the table, according to a new working paper, and those with signs of trouble are most at risk.
4h ago - SmartAsset
A $200,000 Annuity Can Get You This Much Cash
An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
1d ago - Yahoo Finance
These are the most common disruptions seniors face in retirement
Roughly half of today’s retirees (48%) say their retirement has involved even more surprises and challenges than expected.
1h ago - SmartAsset
Roth 401(k) Contribution Limits For 2023
Saving for retirement is a top financial priority for many. If you're one of those who has prioritized retirement by opening a Roth 401(k), it's crucial to use the account optimally to build tax-free retirement income. The IRS has raised … Continue reading → The post Roth 401(k) Contribution Limits for 2023 appeared first on SmartAsset Blog.
5h ago - Business Insider
What you need to know if you want a job at an elite firm like Citadel, Point72, or Millennium
Some of the biggest hedge fund managers have talked to Insider about what it takes to join their ranks. Here's what we know.
21h ago - The Wall Street Journal
Nine Rounds of Interviews and No Call Back: It’s Harder Than Ever to Land a White Collar Job
When she applied for marketing jobs earlier this year, Megan Burr went through eight interview rounds before getting rejected. Amid layoffs and hiring freezes, many employers have slowed down filling office jobs, from receptionist to chief financial officer, executives and recruiters say. This time, though, her job hunt lasted four months, with companies expecting her to complete more presentations and interviews, which she said frequently felt redundant.
1d ago - Fortune
Forget quiet quitting. Millennials and Gen Zers are quietly working second jobs as they live paycheck to paycheck
Deloitte surveyed tens of thousands of millennials and Gen Zers—the reality is a far cry from splurging on avocado toast or killing time on TikTok.
1d ago - SmartAsset
Retirement Annuitization vs. Withdrawals: Which Will Cost Me Less?
Purchasing an annuity can provide you with an additional stream of income for retirement. One thing you'll have to decide is to annuitize payments or opt for lifetime withdrawals. Whether it makes sense to opt for annuitization vs. withdrawal can … Continue reading → The post Annuitization vs. Lifetime Withdrawals for Annuities appeared first on SmartAsset Blog.
5h ago - SmartAsset
How Much Money Do I Really Need to Retire?
While there may not be a more common or consequential financial question then "how much money do I need to retire?," there isn't a one-size-fits-all answer. One person's retirement income needs will be different from the next, depending on their … Continue reading → The post How Much Money Do You Need to Retire? appeared first on SmartAsset Blog.
5h ago - SmartAsset
Roth 403b vs. Roth IRA: Which Will Help Me Afford a Better Retirement Lifestyle?
When Roth IRAs were introduced in 1998, they provided the opportunity to create tax-free income in retirement. A few years later, Roth 401(k) and Roth 403(b) accounts were created to allow company retirement accounts to provide tax-free income. When you're … Continue reading → The post Roth 403b vs. Roth IRA: Key differences appeared first on SmartAsset Blog.
1d ago - Investor's Business Daily
AI Has A New Trick Up Its Sleeve — Planning Your Retirement
Financial advisors are harnessing AI to help clients with retirement planning. How does artificial intelligence add value? We take a look.
1d ago - Investor's Business Daily
Putting Your Retirement On Autopilot May Cost You. Here's What You Should Know About Target-Date Funds.
If you're thinking of investing for retirement, you might be considering a target-date fund. But before you jump in, take a look at the risks and rewards. Here's why.
1d ago - Fortune
Apple, Goldman Sachs, and Samsung among growing list of companies banning employees from using ChatGPT at work
While ChatGPT can boost productivity, employers like Apple, Goldman Sachs, and Bank of America worry about privacy risks if employees use the chatbot at work.
1d ago - The Wall Street Journal
Yes, a College Degree Is Still Worth It
College graduates continue to command higher wages, but to combat falling enrollment, schools need to emphasize skills over credentials.
14h ago - Barrons.com
Week’s Best: Helping Children Become Financially Savvy
Investment advisors and financial planners know that they are also teachers, and it isn’t just their clients they should think about educating, but also their clients’ children, according to our guest columnist. Cetera is building out its leadership ranks with the hiring of Mike Durbin, a former Fidelity Investments executive who will serve as CEO of the firm’s holding company. The hire comes amid a growth spurt at Cetera, which is ramping up its recruiting efforts and earlier this year bought the retail wealth management business of the insurer Securian Financial, which includes more than 1,000 advisors.
22h ago - Fortune
How to negotiate a raise in a slowing economy full of layoffs
Lesson one: Know your worth—then add what it would cost your employer to replace you.
1d ago - Barrons.com
Everyone Is Focusing on Bud Light’s Transgender Controversy. They’re Missing a Bargain Stock Opportunity.
The controversy over Bud Light’s transgender promotion obscures Anheuser-Busch InBev’s push to boost global sales and revenue growth
23h ago - Fortune
Carl Icahn bet on America to fail. Instead he lost $9 billion
A short seller accused the billionaire of covering up his losses by bribing shareholders with a dividend. Now he admits his 'mistake': 'Don't fight the fed'
23h ago - Barrons.com
It’s Time to Think Bigger on AI. These 8 Stocks Could Be the Next Winners.
If AI is going to change the world, investors will have lots of ways to play the theme. Here are ideas that go beyond Nvidia, Microsoft, and Alphabet.
21h ago - Business Insider
The S&P 500 will crash 30% by December as spending slumps, profits shrink, and banking problems mount, markets guru Larry McDonald warns
Larry McDonald, the founder of "The Bear Traps Report," predicts the main US stock index will plunge by close to a third by the end of this year.
23h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK