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by madaxe_again
681 days ago
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Those “niche services” are potentially much more lucrative than consumer-facing products. For instance, an ML quant could be a license to print money, and would have appropriate costs. Designing more efficient (cheaper) structures and machines doing FEA/CFD better than current algorithmic models would be a huge boon to engineering industries. Sentiment analysis and forecasting for government. Military strategy that outsmarts any human strategist. Demand lead pricing for products and services. JIT manufacturing management through superior cost and demand forecasting. Identification of baroque tax fraud. Diagnosis of medical conditions. Product recommendations. Tailored drugs. Pre-crime. On it goes. These are just a few examples of where ML is already beginning to be applied and reaping rewards. |
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