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Why your Social Security payment could get slashed
Yahoo Finance· 2025-07-04 16:01
Every year, the Social Security Administration issues nearly $1.5% trillion in benefits to 73 million recipients across the nation. And for 2 million of them, those payments could be cut in half as soon as this month. For more, Yahoo Finance senior columnist Carrie Hannon joins me now.So, Carrie, why is the government cutting these benefits. Yeah, Brad, this is uh something that's been in the works for a while, and it's actually been going on. It's the amount that um Social Security overpaid people uh in th ...
Why GPT-4.5 Failed
Matthew Berman· 2025-07-03 16:04
Model Performance - GPT 4.5% is considered much smarter than previous versions, specifically 40 and 4.1% [1] - Despite its intelligence, GPT 4.5% is deemed not very useful due to being too slow and expensive [1] - Overparameterization caused GPT 4.5% to memorize data excessively during initial training, hindering generalization [2] Development Challenges - OpenAI encountered a bug within PyTorch during GPT 4.5%'s development, which they identified and fixed [2] - The bug fix on GitHub received positive reactions from approximately 20 OpenAI employees [3]
Social Security overpayments: Updated tips to prevent them
60 Minutes· 2025-06-22 22:55
60 Minutes overtime. We always thought everything was good. We kept getting letters saying that they're increasing his payments. Then we get this letter saying we owe $51,000. This week on 60 Minutes, we take a look at what happens when Social Security overpays people who receive benefits. They can find out years and in some cases decades later that they owe thousands or tens of thousands of dollars. I'm Andy Court and I'm a producer at 60 Minutes. I'm Annabelle Hanfleig and I'm an associate producer at 60 ...
UiPath (PATH) 2025 Conference Transcript
2025-06-11 19:07
UiPath (PATH) 2025 Conference June 11, 2025 02:05 PM ET Speaker0 Oh, that was far back. Speaker1 Alright. I'm Siti Panigrahi, software analyst here at, Mizuho. It's a great pleasure to welcome Asim Gupta, COO and CFO. Two hats. Yeah. That's great. Welcome you to the conference. Speaker0 Thanks so much, Citi. Speaker1 Know, I'll start with the pretty you you reported recently fiscal Q1. It was much better than expected. So maybe why don't you start with your puts and takes for Q1, where where you saw the str ...
SS&C (SSNC) 2025 Conference Transcript
2025-06-10 18:20
Summary of SS&C (SSNC) 2025 Conference Call Company Overview - **Company**: SS&C Technologies Holdings, Inc. (SSNC) - **Industry**: Financial Services, specifically focusing on fund administration, IT services, and healthcare technology Key Points and Arguments Business Performance and Demand - SS&C has a strong position in fund administration, being the largest provider globally, which is essential for clients regardless of macroeconomic conditions [3][4] - The company experiences macroeconomic effects primarily in transaction-oriented businesses, such as order management systems, which are influenced by market volatility [4][10] - Demand remains healthy across most markets, with a full pipeline of opportunities and a competitive edge in technology and service offerings [11][12] Revenue and Growth Insights - Organic growth for Q1 was reported at 5.1%, with recurring financials at 5.9%, while Q2 guidance is around 2.5% [20][22] - The slowdown in Q2 is attributed to seasonal factors, with expectations for stronger performance in the latter half of the year due to previously sold deals and acquisitions [22][23] - The private markets segment within fund administration is growing over 10%, indicating a robust appetite for private equity and credit [29][31] Competitive Landscape - SS&C competes with large custodian banks and smaller fintech startups, leveraging its ability to innovate rapidly compared to heavily regulated organizations [13][15] - The company is well-positioned to displace outdated systems within client organizations, as many clients are reluctant to change from long-standing internal systems [16][19] Healthcare Segment - The healthcare business is expected to show flattish to slightly positive growth, with a focus on new platforms like DomaneRx, which has processed over 200 million claims [47][48] - The healthcare segment is seen as a smaller part of SS&C's overall business but with significant growth potential [56] Margin Expansion and Efficiency - SS&C has historically achieved margin expansion and continues to identify opportunities for improvement through technology deployment [57][59] - The acquisition of Blue Prism has allowed the company to enhance operational efficiency, saving approximately 2,500 positions, which is about 10% of the workforce [58][59] M&A Activity and Future Outlook - SS&C is actively looking for acquisition opportunities that align with its growth strategy, particularly in areas that can enhance its service offerings [79] - The company has announced a stock buyback program, indicating confidence in its stock and future performance [79] Market Opportunities - SS&C sees potential in underserved markets like Australia and the Middle East, where there is a demand for sophisticated technology and services [34][43] - The company is optimistic about expanding its presence in these regions, leveraging its existing expertise and client relationships [35][39] Additional Important Insights - The competitive environment in Australia includes custodial banks and independent firms, with SS&C's combined service and technology offering being a key differentiator [42] - The healthcare technology landscape is characterized by outdated systems, providing SS&C with an opportunity to introduce modern solutions [53][55] - The company emphasizes the importance of providing high-value, mission-critical services, which are less sensitive to pricing pressures from clients [71][72]
Giving New Life to Unstructured Data with LLMs and Agents
a16z· 2025-06-10 14:00
So robot body process automation is literally if human had to do something you basically open some browser or whatever take some data put into some other system click some button and all that stuff. So it records that human clicks on that desktop and tries to keep repeating it. So you kind of like get that automated and the hard part that they had is you can't do robotic process for unstructured data because it's not fixed they change it.So anything will be very very brutal. The bet that we are taking is th ...
别被MCP的包装骗了!重构系统、向智能体转型,CEO亲述:关键时刻还是RPA兜底?
AI前线· 2025-06-07 04:41
作者 | 褚杏娟 对于业内讨论的一些问题,实在智能通过自身实践也给出了自己的答案。比如自研模型或垂直模型对于具体业务场景中的 Agent 研发是必要的,但大模 型自身并不能作为一种产品。又如,在支持 MCP 后,实在智能也发现不能过度依赖 MCP 服务,MCP 只是将一些问题进行了封装,但问题本质并没有 得到解决。 当下,智能体的热度已经无需再多赘述。这场智能体竞赛中,除了那些从新开始的"AI 原生"智能体应用外,还有一些应用在逐渐将智能体纳入产品构建 中,实在智能便是其中之一。 实在智能成立于 2018 年7月,以RPA为起点,融合AI技术,致力于通过人工智能技术助力人机协同,提供超自动化解决方案。随着技术发展,实在智能 对其"数字员工"产品不断升级:对RPA的底层能力做了大量的改造和增强,结合计算机视觉对底层架构进行了重构,并推出了国内首款通用智能体产 品。当前,实在智能已为超 4000 家企业客户部署了"数字员工"。 近日,InfoQ 对实在智能创始人兼 CEO 孙林君进行了一次采访,期间他详细回答了智能体技术路径选择、产品如何转型、智能体产品收费逻辑等问题。 智能体的实现路径 InfoQ:2018 年 ...
跨境电商软件哪个好?一文看清2025年跨境电商高性价比工具
Sou Hu Cai Jing· 2025-05-21 09:52
Core Insights - The article emphasizes that cross-border e-commerce has become a core avenue for Chinese companies to expand internationally, with increasing competition expected by 2025 due to the rise of platforms like TikTokShop and policy adjustments from major players like Amazon and Temu [1] Group 1: Challenges for New Sellers - Limited budgets create a conflict with functional requirements, as small sellers often struggle to afford traditional ERP systems, which can cost tens of thousands of yuan annually [3] - The complexity of platform rules poses compliance risks, with Amazon tightening its compliance checks, leading to many store closures due to issues like patent infringement and trademark violations [4] - Data silos and efficiency bottlenecks arise from the fragmented use of traditional tools, resulting in low operational efficiency and high error rates in manual data entry [5] Group 2: Tool Recommendations - Free/low-cost tools like Global Trade Assistant provide comprehensive basic functions, supporting management across over 30 platforms and offering features like bulk translation and inventory synchronization [6] - Mid-tier tools such as Tongtu ERP charge per order and cover the entire procurement and inventory process, with new features like intelligent pricing based on competitor analysis [10] - High-end tools like Lingxing ERP offer integrated financial and advertising management, with new capabilities for multi-platform order processing and real-time profit calculation [14] Group 3: Operational Strategies - The article presents a case study of a home goods seller using a drop shipping model, achieving an 80% increase in efficiency and a 70% reduction in labor costs through automation tools [18] - A case study of a 3C boutique seller illustrates how combining Lingxing ERP with PayPal for financial risk control led to a 40% increase in annual sales and an 8 percentage point rise in net profit margin [19] Group 4: Future Trends - Sellers are advised to focus on tool extensibility to capture emerging market opportunities, with platforms like TikTokShop expanding into new regions [20] - The integration of AI and RPA is expected to become standard for scalable operations, with tools like Shizai RPA enhancing efficiency across various operational aspects [21] - Building compliance capabilities is crucial for navigating platform policy changes, with tools offering features for infringement detection and compliance monitoring [22]
RPA+AI,才是真正能让你躺平的自动化真神。
数字生命卡兹克· 2025-05-07 21:08
想写关于RPA的话题很久了。 这次终于找到了一个机会,看到了一些转折点。 是因为昨天打开影刀RPA,想搓一个自动跑图的自动化RPA流程的时候,发现他们更新了一个新功能。 魔法指令。 这个功能的作用非常简单,就是你现在可以通过AI,来用嘴搭建一套关于网页和数据的RPA流程了。 这是我觉得,一个非常棒的转折点。 只不过当下的时间点,我觉得很多人都已经陷入了某种AI幻觉里,觉得在当下的时间里,在当前的模型能力下,一切都可以Agent,一切都该Agent,一 切都是Agent牛逼。 但真的去做落地项目,做业务流程,做一些自动化任务的朋友都知道,你让Agent做着做着,就会从"卧槽牛逼哎,他自己看到错了自己去别的地方找 哎",变成"尼玛怎么又崩了?"、"怎么这一步又理解错了?"、"神经病吧。" 尤其是,越是复杂的流程,越是讲究高精度、不能出错、重复运行的业务,一旦Agent的推理链条超过十步,它有的时候就越来越像是在抽卡。 这个痛点,我在好几个访谈里都说过。 比如你现在做一个复杂、重复的操作流程,要Agent完成20个步骤,哪怕每一步成功率99%,那整体成功率是多少? 0.99的20次方,大概是82%。 听起来不低是吧 ...
Unisys(UIS) - 2025 Q1 - Earnings Call Transcript
2025-05-01 13:02
Unisys (UIS) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Company Participants Michaela Pewarski - Vice President, Investor RelationsMike Thomson - CEO & PresidentDebra McCann - Executive VP & CFORod Bourgeois - Head of Research Conference Call Participants Anja Soderstrom - Senior Equity Research AnalystArun Seshadri - Head - US Credit Desk Analysts Operator Please note this event is being recorded. I would now like to turn the conference over to Mikayla Paworski, Vice President of Investor Relations. Pl ...