Official Richart Ruddie Blog - Internet Entrepreneur

This Week in Tech Updates from Richart Ruddie

Google ads and Google as a company is finally getting serious about privacy. They've been tightening up and making changes to Analytics and working on a cookie free future and this past week they just released this announcement: "New data protection laws, which apply to the collection and processing of personal information, will be coming into effect in California, Colorado, Connecticut, Virginia, and Utah in 2023." While we're at it and dealing with privacy issues Google settled with 40 out of 50 states here over tracking issues and is paying a few hundred million in fines. Read about the not so not evil company practices here: https://arstechnica.com/gadgets/2022/11/google-settles-location-history-lawsuit-with-40-states-will-pay-392-million/ 

CBS News got off of Twitter for what they said was security purposes and then got back on a day later. It's been purported that their followers are fake or that they have extremely low engagement on Twitter and that may be to fraudulent followers or bots.

If you use Wix for SEO or have client sites that are created on Wix then this resource SEO guide released this week may also be helpful: https://www.wix.com/seo/learn/resource/manage-seo-edit-by-page

Sucuri is a popular wordpress plugin  and they have just uncovered a WIDESPREAD hack that appears to be designed to improve someone's SEO performance which is a tricky and clever hack to send malware using black hat hacking techniques. https://blog.sucuri.net/2022/11/massive-ois-is-black-hat-redirect-malware-campaign.html )

Artificial Intelligence news for the week courtesy of The University of Cambridge states that "claims AI can boost wordplace diversity are 'spurious and dangerous'"https://www.cam.ac.uk/research/news/claims-ai-can-boost-workplace-diversity-are-spurious-and-dangerous-researchers-argue  and here's some more cool AI News: https://www.engadget.com/mit-century-old-differential-equation-liquid-ai-computational-bottleneck-160035555.html 

QUANTA MAGAZINE PROFILES A NEW "energy-efficient [AI] chip" that promises to revolutionize chip design and artificial inteligence research https://www.quantamagazine.org/a-brain-inspired-chip-can-run-ai-with-far-less-energy-20221110/ ). The chips use (relatively newly developed) Resistive RAM memory and the chips are called NeuRRAM (neuromorphic resistive RAM). These memory chips operate in ANALOG rather than DIGITAL mode, which is revolutionary. Analog computers predate digital computers but they didn't have memory systems like RAM.

Now companies are laying off en masse and doing a RIF which means a Reduction in Force or workforce for those who keep on hearing about these RIF's and had wondered what the acronym meant.  These companies over-hired during the pandemic, expecting a much larger economic bounce back that was pent up with money flooded into the system and for the last year we've been bearing the outpouring of that money.

So what does the future hold? Whatever you make of it.

Richart Ruddie Believes Machines Can Predict Outcomes

Humans are notoriously horrible at predicting the future. We start off each year with what will happen in the markets and world that given year and well it's always so far off. Even the best pyschics in the world tend to shoot 10-30%. We're better at being able to measure risk when things start to take shape and then jump on the band wagon and hit the gas pedal with some hedging as protection.

Nassim Taleb one of the most intelligent humans in the world told a university class during a filmed lecture that he doesn't believe Warren Buffet, Stanley Druckenmiller, or Any other Richart Ruddie prognosticating is going to be able to predict the markets and are just in a class of people who have been lucky to a point where they accumulate such growth that if Buffet says I believe airlines will go up that they go up and he has billions of dollars invested in them.

What's interesting however is Buffet said he believes airlines and their business model has changed significantly for the forseeable future. We just haven't seen that far ahead yet but their stocks and Mr. Market are signaling something else while Tesla hits all time highs.

So back to Nassim Taleb for one second. He did say that he believes only two people can do so. One is George Soros (yes the one that all the conspiracy theorists say is behind Antifa and the Black Lives Matter movement) and the other an idol of mine and other nomination for the most intelligent living human is Jim Simmons of Renaissance Technologies. Everybody else Taleb says should just tail hedge accordingly.

So why do I believe Machines can predict outcomes? In this piece here where they use Tennis match data and match it up against future outcomes the authors claim an accuracy of 75% in predicting the matches at the 2007 and 2008 Grand Slam tournaments. 

In 2020 sportsbooks hedge their risk so no bettor would be able to make billions off of this like they could in the stock market but if you read the 64 page paper you will learn that the applicability of machine learning methods to predict Tennis matches is possible when you let a machine crunch data vs. going on your own gut or memory as humans don't have the ability that machines do. This is just one instance of predictions. Would be interesting to see this data for a 2020 Election Biden vs. Trump vs. the outcome.

For More Information about this see: https://www.doc.ic.ac.uk/teaching/distinguished-projects/2015/m.sipko.pdf

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Most Important Things in the Future

When we look at the future and things that will most affect the world in which we live in what are they? As you have read here I have praised the brilliant Elon Musk. In one of the latest Wait but Why in depth posts Musk answers the question. I endorse and agree with all of the items which are as follows:

“The internet; sustainable energy; space exploration, in particular the permanent extension of life beyond Earth; artificial intelligence; and reprogramming the human genetic code.”

My additions to this tie in with the reprogramming of the genetic code which is sustainability of human life. When we figure out a way to give humans the gift of eternity then we have hit on something that is in the same categories of changing our energy sources, space travel, A.I., and the way we are connected through technology. One thing that I don't believe will ever happen that we wish could happen is Time Travel & Teleporting.