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tma-1

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It ultimately depends on how much of the car's action is driven by DNNs, a miss-classification in the CNN can easily lead to a car crashing on a highway and causing a pileup. DNNs are so complex, you can't really write unit tests like you typically do for deterministic code.

That's why some of the big banks flat out refuse to implement any form of deep learning for risk analytics. They're much more reliant on simpler ML models like random forests and logistic regression that are easier to analyse and diagnose by model governance teams.

Well considering that most of the autopilot software is driven by black box deep neural networks, I don't think hiring someone with a strong coding background is going to make that much of a difference when it comes to safety.

No we don't, I am not anti-progress but my personal opinion is that increased automation will lead to further inequality and potentially economic contraction. Thing is, we are not born equal, different people have different skills, we can't be expecting everyone to become an engineer or a scientist. Blue collar workers losing their jobs will not lead to interesting times...

The Company also announced that its Board of Directors has authorized an increase of $50 billion to the Company’s program to return capital to shareholders. Under the expanded program, Apple plans to spend a cumulative total of $250 billion of cash by the end of March 2018.

My god, that $50 billion expansion is 7% of the company at the current market cap.

Long-term, I am not very bullish on Google/Alphabet. More than 90% of their profits come online advertising, something that can be easily blocked for life with a simple browser extension/plugin. Some worrying figures[1]:

* US ad blocking grew by 48% to reach 45 million active users in 12 months up to June 2015.

* Ad blocking grew by 41% globally in the last 12 months.

* US ad blocking grew by 48% to reach 45 million active users in 12 months up to June 2015.

[1] https://blog.pagefair.com/2015/ad-blocking-report/

Yes it's permanent. Interest rates are still super low, meaning companies can still take on debt to buy back their stock. The effect of quantitive easing remains until interest rates start going up and the Fed start buying government bonds from the banks.

Both GS and MS (as well as other FIs) are off there highs because of all the volatility in the markets the past 6 months and worries about losses from bad energy loans. BAC, WF, Citi are all off their 12-month highs by a significant margin despite doing relatively well in Q1.

Also, this has nothing to do with discounting the cash flows, it's mostly stock buybacks that's driving all the action:

http://www.bloomberg.com/news/articles/2016-04-19/early-warn...