Category: Business
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You Ask, I Answer: Large Language Model Capability Limits?
Omar asks, “Is there a limit to the capability of large language models?” In this video, I answer Omar’s question about the limitations of large language models. While there are certainly limitations to any technology, the limitations of large language models occur in a few different areas. One limitation is in the training data used…
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You Ask, I Answer: Detection of AI Content?
Xiaoli asks, “How can people determine whether some content is created by AI or human?” In this video, I answer a question from a viewer who wants to know how to determine whether content has been created by AI or by a human. While there are tools available online that can detect language patterns of…
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Mind Readings: The WGA Strike and Artificial Intelligence
Can’t see anything? Watch it on YouTube here. Download the MP3 audio here. Listen to the audio here: Let’s talk about the very timely topic of the Writers Guild of America strike and one of their demands. In particular, this is about artificial intelligence. No surprise, I have no expertise in the rest of their…
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You Ask, I Answer: Why Is Banking So Unstable?
In this YouTube video, Christopher Penn explores the question of why the banking system is such a mess. He explains that banking has always tried to find ways to be profitable and that the money is made through investing rather than purely being a depository institution. However, this leads to a commingling of two things…
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You Ask, I Answer: Narcissism as a Success Trait?
In this episode, Christopher Penn discusses the best ways to gauge how well you are serving your clients. He suggests asking for feedback through routine surveys and Net Promoter Score questions to understand client satisfaction. Additionally, monitoring activity levels and using anomaly detection software to identify changes in communication frequency can help catch potential issues…
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Mind Readings: All Value is Relative
Value is entirely relative and dependent on context To understand the value you provide, look at what your customer is comparing you to If you’re selling a product or service, make sure you understand the customer’s problem and what it’s worth to them to solve that problem Not understanding the value you provide can lead…
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Mind Readings: Collectivist and Individualist Mindsets
Different nations and communities have had varying levels of success in fighting COVID due to different mindsets A collectivist mindset is needed to solve a collectivist problem An individualist mindset is needed to solve an individualist problem The Motion Picture Association of America is an example of a collectivist mindset Apple is an example of…
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Mind Readings: Preventing Dunning Kruger Effect
The Dunning Kruger effect is a cognitive bias whereby people who have relatively low ability or expertise in a particular domain tend to overestimate their knowledge or ability. This can lead to disastrous consequences if left unchecked. One way to reduce the likelihood of this happening is to use the specificity test: when faced with…
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You Ask, I Answer: Salary Transparency Pros and Cons?
Tim asks, “Is salary transparency a good thing or a bad thing in job listings?” Salary transparency is a good thing for job seekers and workers, as it allows them to see if they are being paid a fair wage for their role. It can also help to reduce discrimination and inequality within an organization.…
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Crypto Winter and The Perfect Macroeconomic Storm
Let’s talk about crypto winter for a bit. There’s obviously a lot going on, a lot of big headlines, but not a lot of attention on the macroeconomic picture that’s an underlying cause of crypto winter. First, let’s set some basic definitions since economics isn’t everyone’s cup of tea and talk about inflation. Economics 101:…
