From the course: AI in Business Essential Training
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From the course: AI in Business Essential Training
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- [Michael] I've enjoyed the opportunity to talk with you about AI during this course. Here's a few things I hope you'll remember going forward. First of all, and most importantly, if you remember nothing else, remember that for all the height and discussion of AI today, while AI is certainly powerful, it is very limited. There's no indication that humans are getting ready to be replaced by AI or computers in any meaningful way. Remember that when we're thinking about AI, the process of coming up with that artificial intelligence all starts with defining a goal, an objective goal that we're trying to reach and then determining what the constraints are around it. We saw that when we looked at the robo-advisor program that we constructed, right? We had a goal, either maximize risk, or minimize return, and we then came up with a set of constraints around our asset allocation, and a set of objectives that the investor was trying to achieve, along with the characteristics of that investor,…
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