Entrepreneur | Investor | I write without AI
Joined November 2017
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AI labs have invented a brilliant upsell: pay more and your AI will think harder.
I tested different reasoning effort settings on models trying to navigate financial traps and contractual fine print.
Most models were already getting almost everything right at low effort. Giving them more thinking time barely changed the results. GPT-6 Luna was the exception.
Barclays is cutting 5,000 jobs “because of AI”.
Depending on who you listen to, this is either the start of mass unemployment or a small step towards Elon’s world where nobody needs a job because money will grow on GPUs.
Most of the cuts are in support functions and IT. Ironically where Barclays was the worst… When I was their customer, logging into my account was always a pain: authentication breaks, app glitches, and customer support can’t fix either.
I think I’m becoming a wicked fintech bro. I can’t read annual reports without looking for ways to trick my AI agents.
Not to make money (obviously), just to settle the deeply important question of who is the smartest.
I was expecting a massacre. Well… no.
Six of them got almost everything right. Even the cheap models, which I found frankly disrespectful.
In 7 years of JPMorgan calls, Haiku counted 9 quarters mentioning COVID. Except there were only 15 in reality. Relief for hyperscalers, the world still needs large LLMs… for now.