What AI Can’t Do: A Manila Lecture Shakes the Finance World

Amid the warm Manila breeze, in a university hall buzzing with intellect, renowned AI investor Joseph Plazo laid down the gauntlet on what technology can realistically offer for the world of investing—and why this difference is increasingly crucial.

The air was charged with anticipation. A sea of bright minds—some clutching notebooks, others broadcasting to friends across Asia—waited for a man both celebrated and controversial in AI circles.

“AI will make trades for you,” Plazo began, calm but direct. “But it won’t teach you why to believe in them.”

Over the next lecture, Plazo delivered a fast-paced masterclass, balancing data science with real-world decision making. His central claim: Machines are powerful, but not wise.

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The Audience: Elite, Curious—and Disarmed

Before him sat students and faculty from leading institutions like Kyoto, NUS, and HKUST, united by a shared fascination with finance and AI.

Many expected a celebration of AI's dominance. What they received was a provocation.

“There’s a rising cult of algorithmic faith,” said Prof. Maria Castillo, a respected AI ethicist from the UK. “We need this kind of discomfort in academia.”

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The Machine’s Blindness: Plazo’s Case for Caution

Plazo’s core thesis was both simple and unsettling: AI does not grasp nuance.

“AI won’t flinch, but neither will it foresee,” he warned. “It recognizes patterns—but ignores the power structures.”

He cited examples like machine-driven funds failing to respond to COVID news, noting, “By the time the algorithms adjusted, the humans were already positioned.”

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The Astronomer Analogy

He didn’t bash the machines—he put them in their place.

“AI is the telescope—but you are still the astronomer,” he said. It sees—but doesn’t think.

Students pressed him on sentiment tracking, to which Plazo acknowledged: “Sure, it can flag Reddit anomalies—but it can’t discern hesitation in a policymaker’s tone.”

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A Mental Shift Among Asia’s Finest

The talk hit hard.

“I used to think AI just needed more data,” said Lee Min-Seo, a finance student from Seoul. click here “Now I see it’s judgment, not just data, that matters.”

In a post-talk panel, regional leaders backed Plazo’s call. “These kids speak machine natively—but instinct,” said Dr. Raymond Tan, “doesn’t replace perspective.”

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Co-Intelligence: Merging Math with Meaning

Plazo shared that his firm is building “hybrid cognition models”—AI that understands not just volatility, but motive.

“Ethics can’t be outsourced to software,” he reminded. “Capital still requires conviction.”

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Standing Ovation, Unfinished Conversations

As Plazo exited the stage, the hall erupted. But more importantly, they started debating.

“I came for machine learning,” said a PhD candidate. “But I left understanding myself better.”

And maybe that’s the real power of AI’s limits: they force us to rediscover our own.

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