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Forgive me if I am wrong but I was under the impression that what you described is how machine learning basically operates: reporting and trial and error to achieve better and more efficient results.

At least when analyzing actions. Is that not the case?

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Yes, pretty much this. Not knowing their inner workings, it still sounds revolutionary to me. With enough data and interfaces to operate on real world objects, the possibilities could be almost infinite. That would imply/require a big society change behind the corner, since the number of jobs that could be performed by AI in the near future can be a lot higher than what normally happens over time with technological advancements.

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