Paul Jorion's Blog

Where did the housing bubble come from?

In today’s Wall Street Journal, Andy Laperrière, a managing director of the Washington office of the ISI Group, wrote a piece on the crisis in the mortgage industry, I wrote to the Journal’s editor, the following letter:

In his “Mortgage Meltdown” (Wall Street Journal, March 21, 2007), Andy Laperrière assigns the residential real estate bubble […]

Malaise in the subprime sector

In today’s Wall Street Journal, Alex J. Pollock a former President and Chief Executive Officer of the Federal Home Loan Bank of Chicago wrote a piece on the subprime industry, I wrote to the Journal’s editor, the following letter:

“In his “Credit Crack-Up” (March 12, 2007), Alex J. Pollock offers a perceptive summary of the […]

Religions are most often associated with a representation of the after-life where immortality, which is clearly unattainable in the nether-world, is ultimately achieved.
Other widely held belief systems don’t share that view, in particular Taoism, the “atheistic religion” or “philosophy” of the Chinese people over the ages. Indeed, some disparagingly called “superstitious” versions of […]

The safest financial world of all

A recurrent theme in Alan Greenspan’s speeches, either when he was head of the board of governors of the Fed or now in his capacity as an invited speaker, has been that the financial world has become in recent years a much more sturdy, much more robust and let’s say it, a safer place, because […]

Artificial reason and the heart

So, Marvin Minsky has just published a new book called The Emotional Machine (Simon & Schuster 2007) where he states that Artificial Intelligence should rest on the observed feature that intelligence is emotional by nature. This of course rings a bell, as some twenty years ago an audacious AI engineer, traveling between Martlesham Heath (Suffolk) […]

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Paul Jorion on A NEW “US” FOR NEW TIMES. XIII. Scaling upTuesday, November 12, 2024
LLMs deal essentially with language but seems amenable to graphics as well. To such an extent that one may wonder…
bogobogo on A NEW “US” FOR NEW TIMES. XIII. Scaling upFriday, November 8, 2024
“the marvellous powers of the brain emerge not from any single, uniformly structured connectionist network but from highly evolved arrangements…
Tom on Are Large Language Models (LLMs) capable of producing new concepts ? Palestine/Israel: the entangled narratives paradoxThursday, September 26, 2024
When the entangled narrative is based on the Bible, the problem is the Bible.
Paul Jorion on An Ambitious Project I. Making a choice: Claude’s consciousness and mineThursday, July 18, 2024
I intend to read the Krichmar paper, thanks for mentioning it. I looked in my library, I’ve got a 1987…
Grant Castillou on An Ambitious Project I. Making a choice: Claude’s consciousness and mineThursday, July 18, 2024
It’s becoming clear that with all the brain and consciousness theories out there, the proof will be in the pudding.…
aslan on Claude 3’s daydreaming (methinks something’s happened here!)Sunday, June 16, 2024
Do Androids dream of electric sheeps ? Yes. Thanks Paul.
Paul Jorion on L’Écho – Paul Jorion: “With AI, we have created something that is more intelligent than we are”, March 5^th 2024 – Online versionSunday, April 14, 2024
You say that A machine with only primary consciousness will probably have to come first. That’s the way evolution proceeded:…
Grant Castillou on L’Écho – Paul Jorion: “With AI, we have created something that is more intelligent than we are”, March 5^th 2024 – Online versionSaturday, April 13, 2024
It’s becoming clear that with all the brain and consciousness theories out there, the proof will be in the pudding.…
Paul Jorion on Video – 4 Doom ScenariosMonday, August 31, 2020
I fear your views of AI are pretty much outdated. They pre-date in any case neural networks. What you are…
Benoît on Video – 4 Doom ScenariosThursday, August 27, 2020
Unfortunately IA is not The solution… We have to think outside the box… And IA just calculate fast but inside…