WHAT AI CAN’T DO: A MANILA LECTURE SHAKES THE FINANCE WORLD

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

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

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In a packed amphitheater at the University of the Philippines, Joseph Plazo drew a bold line on what machines can and cannot do for the economic frontier—and why understanding this may define who wins in tomorrow’s markets.

Tension and curiosity pulsed through the room. Students—some furiously taking notes, others streaming the moment live—waited for a man revered for blending code with contrarianism.

“Machines will execute trades flawlessly,” he said with gravity. “But understanding the why—that’s still on you.”

Over the next hour, he swept across global tech frontiers, touching on everything from quantum computing to cognitive bias. His central claim: Artificial intelligence is impressive—but it lacks soul.

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The Audience: Elite, Curious—and Disarmed

Before him sat students and faculty from leading institutions like Kyoto, NUS, and HKUST, gathered under a technology consortium.

Many expected a praise-filled keynote of AI's dominance. Plazo had other plans.

“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: code can’t read between the lines.

“AI doesn’t panic—but it doesn’t anticipate,” he warned. “It finds trends, but not intentions.”

He cited examples website 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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Reclaiming the Edge: Why Humans Still Matter

Rather than dismiss AI, Plazo proposed a partnership.

“AI is the vehicle—but you decide the direction,” he said. It works—but doesn’t wonder.

Students pressed him on behavioral economics, to which Plazo acknowledged: “Yes, it can scan Twitter sentiment—but it can’t feel a market’s pulse.”

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The Ripple Effect on a Digital Generation

The talk left a mark.

“I thought AI could replace intuition,” said Lee Min-Seo, a quant-in-training from South Korea. “Turns out, insight can’t be uploaded.”

In a post-talk panel, tech mentors agreed with his sentiment. “They’ve been raised by data—but instinct,” said Dr. Raymond Tan, “doesn’t replace perspective.”

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The Future Isn’t Autonomous—It’s Collaborative

Plazo shared that his firm is building “symbiotic systems”—AI that pairs statistical logic with situational nuance.

“Only you can judge character,” he reminded. “Belief isn’t programmable.”

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The Speech That Started a Thousand Debates

As Plazo exited the stage, students applauded. But more importantly, they lingered.

“I came for machine learning,” said a PhD candidate. “But I got a lesson in human insight.”

Perhaps, in drawing boundaries for AI, we expand our own.

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