Word: presetting
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...Kleer's diagnostic systems are at least five years away. Even further out are general-knowledge systems that would not be limited to a specific function or even a preset agenda but would instead be able to respond appropriately to unexpected tasks and problems. To develop such systems, a rebel generation of AI scientists believes that it is necessary to rebuild their field from the ground up. Their emphasis, says Philosopher Daniel Dennett of Tufts University, is on figuring out how people manage to accomplish the plain, everyday things that account for most human behavior, rather than on creating...
...then embarked on some sophisticated dealing for the brokerage's private trading account, based on their assumptions of how the stock market would react to the Unocal ploy. The twosome allegedly bought put options that allowed Kidder, Peabody to sell Unocal stock at a future date for a preset price that subsequently earned a handsome premium for the seller. The brokerage firm is said to have made "millions of dollars of illegal profits" on that and other transactions...
...Change all the preset buttons on your roomate's stereo to country music and easy listening or lite music stations...
With that, an assistant leaps into the chair at a computer terminal designated for just one important job: to execute Kidder's preset trading program called Firedown. Triggered by a few keystrokes, Firedown zips a massive order to the New York Stock Exchange for the sale of 685,000 shares of stock in 500 different companies for a total of $31.2 million. At the same time, Schmuckler telephones an order to Chicago traders who will buy futures contracts on the stocks he is selling. The simultaneous deals, equivalent to a precomputer blizzard of paper shuffling, take just a few minutes...
Under the system approved provisionally for next spring, a few applicants would be accepted entirely on the basis of their first-year grades if the total number of applicants failed to meet a preset level, one Review member said. The smaller the applicant pool, the more that would be accepted by grades, the law student added...