is not a good look for a company in our line of business.
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BART is from Facebook AI
Sorry I read as BARD ..
- Having opensource AI code is one small piece of puzzle not even 1%.
- Training Model
- retraining at regular interval
- Validating model parallelly is another ball came
Which consumer laptop may not work or even Nvida may for some times, but as time pass hardware may not support.
- So to avoid such scenario they have to go with Microsoft or google.
"combination of BERT and BART.
if it is true then they are using google as there AI product
Eh no. First BERT is From Google AI, but BART is from Facebook AI. The latter is based on a number of different transformer models including BERT and GPT. Second, both are open sourced. You can fine tune either of these models and deploy to your own insfrastructure that is either on-premise or cloud based. So no, either way they are not using Google as their AI product.
"combination of BERT and BART.
if it is true then they are using google as there AI product
Schwab just came out with a LIM. Large Investing Model. It is trained on petabyes X petabytes of historical trading data. You give it a prompt of what is best trade make today? And it just magically comes up with the best stock to trade, right before market open. It has a 99.999% accuracy rate. The LIM is fine tuned from a LLM, combination of BERT and BART. This is revolutionary. It is being piloted in SIP, to make it's rebalance decisions on a daily basis.
Not sure what universe people live in? Just accept the fact that Schwab is a business. Actually, layoffs are often viewed as positive by the market.
Your task is to ensure that you are as valuable on the job market, that you get another job, if you get laid off!
"That’s what companies in decline do. Many of the laid off added tons of value. It had nothing to do with their value. What an ignorant statement. Just wait until it’s you!"
I would assume you are an engineer, and not a business person? People like you often make the mistake of thinking that things never change. You think that was "valuable" yesterday, will remain so. That is not how it works, dude!
Several of the people were good people, but in the wrong place at the time. When companies decide a person/process does not produce a positive ROI, they scrap it.
If you foresee growth, you can keep some slack, to keep up. But when our business shrinks, you need to make cuts.
Is anyone really surprised at additional layoffs? The EC, SVP’s and VP’s are so disconnected from reality and have no skills at managing or insight as to what a bad idea it was to take over TDA and try to merge two corporate cultures that are very different. The talking points have already been distributed about how we have to have to make some difficult decisions and let go of very talented individuals and cut expenses, but we are going to be stronger company as a result. Let’s celebrate that we may lay off 5% of our staff and the EC can get another raise for the hard work and direction they provided for this company.
That’s what companies in decline do. Many of the laid off added tons of value. It had nothing to do with their value. What an ignorant statement. Just wait until it’s you!
Why would you keep people that do not add value?
It is a business, not a charity!
There is nothing else they can do but to cut costs when there is no growth. It is not like Schwab will come up with something entirely revolutionary when it comes to investing.