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Tag: eventually

Many Americans will eventually need long-term care. Here’s how to pay for it

Finance
Morsa Images | DigitalVision | Getty ImagesChances are, you aren't seriously thinking about how to pay for long-term care when you are older.Most people only think about it at two points in their lives: when their parents need it or when they start to get much older and realize they need to have a plan, said Carolyn McClanahan, a physician and certified financial planner at Life Planning Partners in Jacksonville, Florida.Yet someone turning 65 years old today has almost a 70% chance of needing some type of long-term care services in their remaining years, according to the U.S.Department of Health and Human Services. Women need 3.7 years of care, while men need 2.2 years. The average lifetime cost of formal long-term care is $ 172,000, according to PWC. "The big thing that you at least nee...
How computers may eventually beat humans at their own games

How computers may eventually beat humans at their own games

Technology
This is an Inside Science story. A new computer program taught itself superhuman mastery of three classic games -- chess, go and shogi -- in just a few hours, a new study reports. These findings could help lead to artificial intelligence programs that could learn to play and master any game, and perhaps other human tasks, researchers said. From the first days of computing, games have served as benchmarks of how well machines perform in tasks humans also find challenging. Since the computer Deep Blue beat world chess champion Garry Kasparov in 1997, AIs have defeated humans at even more computationally difficult games. For example, in 2016, AlphaGo from the company DeepMind in London bested a master of the ancient Chinese game of go, achieving one of the Grand Challenges of AI at least a...
JPMorgan CEO Jamie Dimon says bitcoin is a fraud that will eventually blow up

JPMorgan CEO Jamie Dimon says bitcoin is a fraud that will eventually blow up

Finance
JPMorgan Chase CEO Jamie Dimon took a shot at bitcoin, saying the cryptocurrency "is a fraud." "It's just not a real thing, eventually it will be closed," Dimon said Tuesday at the Delivering Alpha conference presented by CNBC and Institutional Investor.Dimon joked that even his daughter bought some bitcoin, looking to cash in on a trend that has seen it soar more than 300 percent this year."I'm not saying 'go short bitcoin and sell $ 100,000 of bitcoin before it goes down," he said. "This is not advice of what to do. My daughter bought bitcoin, it went up and now she thinks she's a genius."In an appearance at a separate conference earlier in the day, Dimon said bitcoin mania is reminiscent of the tulip bulb craze in the 17th century."It's worse than tulip bulbs. It won't end well. Someone...