“Simple models and a lot of data trump more elaborate models based on less data.” – – – Peter Norvig.
‘As one Google Translate engineer put it, “when you go from 10,000 training examples to 10 billion training examples, it all starts to work. Data trumps everything.”‘
—Garry Kasparov, Deep Thinking: Where Machine Intelligence Ends and Human Creativity Begins.
“We are manipulating machine intelligence, and in the process, we have forgotten to effectively utilize the true potential of our own mind, let alone focus on improving the mind. We are developing artificial intelligence and have forgotten to develop our own psyche.”
—Abhijit Naskar, Let The Poor Be Your God.
“Econometrics is the application of classical statistical methods to economic and financial series. The essential tool of econometrics is multivariate linear regression, an 18th-century technology that was already mastered by Gauss before 1794. Standard econometric models do not learn. It is hard to believe that something as complex as 21st-century finance could be grasped by something as simple as inverting a covariance matrix.”
—Marcos Lopez de Prado, Advances in Financial Machine Learning.
“Aim for simplicity in Data Science. Real creativity won’t make things more complex. Instead, it will simplify them.”
—Damian Duffy Mingle.
“People worry that computers will get too smart and take over the world, but the real problem is that they’re too stupid and they’ve already taken over the world.”