T he word AI has become a household word.  Now that OpenAI’s interpretive large language model Chat-GPT (Financed and supported by Microsoft) is being used/misused for everything from  writing essays, legal documents, for generating mathematical proofs and even telling jokes etc. I wondered how much of this is hype and how much is real. So I decided to test it out myself. First I asked  Chat-GPT (in simple spoken language)  to write me a neural net code, in particular a Radial Basis...

India has the highest AI skills penetration in the world, with 3.23 times the average of an 18-country group, according to a new LinkedIn analysis . The U.S. comes in second (2.23 times the average), followed by Germany, Israel, Canada and the U.K. The analysis also shows a skills gap between genders, with men making up two-thirds or more of the AI-skilled population in certain countries. However, the gap is slowly narrowing, with women making up 30% of the AI-skilled workforce in 2022,...

As shown in Portfolios that Beat Markets , we compared the performance of the market with portfolios constructed/managed using a) our novel risk measure 'Tsallis Relative Entropy' ( TRE ) and b) the risk measure 'beta', usually used by investment managers. The back-studies show that, over a period of 6 years or longer, portfolio a) out performs both the market and portfolio b). Presently we have improved our risk estimates even more by taking into account the asymmetry in stock market...