You could pay a human to read receipts, 1 every 30 seconds (that’s slow!), $15/hr (twice the US federal minimum wage!), plus tax and overhead ($15x1.35) comes out to $20.25/hr over 5 hours. $101 all in.
Sure, sure, a human solution doesn’t scale. But this sort of project makes me feel like we haven’t hit the industrialization moment that i thought we had quite yet.
For anybody still thinking my goodness, how wasteful is this SINGLE EXAMPLE: remember that all of the receipts from the article have helped better-train whichever GPT is deciphering all this thermalprinting.
For a small business owner (like my former self), paying $1500 to have an AI decipher all my receipts is still a heck of a lot cheaper than my accountant's rate. It would also motivate me to actually keep receipts (instead of throw-away/guessing), simply to undaunt the monumental task of recordskeeping.
Spherical cows aside though, I do agree with you that I should not consider scalability as a given.
This is perhaps among the best openers I've ever read.
[spoiler: the tech caught up, the data is interesting]
I read a lot. This article, entirely.
Also ignoring the benefits of subscriptions, an estimate in the magnitude of thousands of dollars for extracting egg prices still makes me feel like we aren't "there" yet. This should have been a problem with a much more efficient solution given the advancements in the AI, data analysis and OCR space. I am sort of disillusioned.
There's got to be a "it's a chicken/egg problem" joke in there somewhere, but i'm not seeing it.
Well, I guess you cannot make a chicken joke without breaking some eggs (I'll stop now. I'm really sorry, but come on, it's Sunday).
FWIW, you made an eggceptional attempt :).
Less than one per day, assuming they're doing groceries only for themselves
My guess is that it's the entry-point to OCR and the internet is flooded by that, just like pandas for data processing.
I tend to grow bored of a location after a year or two, though I'm certainly in the minority.
* Of course you didn't buy eggs every time you traveled somewhere, so probably not the entire truth.
Eggs were actually quite stable for the 20 years prior to 2001, so maybe don't put your life savings into egg futures...
Egg prices: https://fred.stlouisfed.org/series/APU0000708111
CPI: https://fred.stlouisfed.org/series/CPIAUCSL
Core CPI (without food + energy prices): https://fred.stlouisfed.org/series/CPILFESL
I read that the price includes free range, eco, etc varieties which are more expensive and in more demand nowadays, probably just that explains a good chunk of the price increase.
I can assume this person does in fact NOT need to worry about the price of eggs ?