10 comments

  • bagels 21 minutes ago
    Aren't forecasters already using 'artificial intelligence' for decades in the form of non-llm machine learning models?
    • datsci_est_2015 7 minutes ago
      You don’t even have to limit it to machine learning, the definition of forecasting is isomorphic to the definition of modeling, which, with the dilution of the term AI, is also isomorphic to the definition of AI.

      More simply:

        - forecasting = modeling = AI
      
      Edit: I’d even throw statistics into that extended equality, meaning that Bayes, Bernoulli and even the fellow named John Gaunt have a strong case for having invented AI.
    • paulpauper 0 minutes ago
      I think also a lot of it is intuition.
  • glimshe 35 minutes ago
    Product idea: a LLM trained separately from mainline LLMs that anticipate market trends by analyzing how mainline LLMs will invest. As retail investors will probably use mainline AI for decisions going forward , one could get an edge.

    "The AI-driven Market Hypothesis"

    Please let me know where I should pick up my Nobel prize.

    • graypegg 33 minutes ago
      Then the next person needs an LLM trained to predict the LLM trained to predict the mainline LLM.

      It's derivatives all the way down

    • codebastard 31 minutes ago
      Would you not then also copy the investments? Or are you trying to inverse the trades by an unpredictable time factor reasoning that thanks to AI the underlying stock is over- or underpriced?
    • ddp26 27 minutes ago
      I know this is tongue-in-cheek, but I think your idea could actually work, but not in financial markets. (The "keynesian beauty contest" of trying to predict what others think been played out to death there.)

      You could train a model to anticipating scientific trends. Or policy trends. Others will definitely use mainline LLMs to make decisions there, so they may be more predictable now!

  • autoexec 7 minutes ago
    So I can guess the AI companies can stop with their plans to infest AI with ads and they'll instead fully fund themselves by using their AI to gamble on stocks and the prediction market right? Surely the chatbots will just print money!
  • tolugenius 14 minutes ago
    • gabrielsroka 12 minutes ago
      Doesn't show the content
      • paulpauper 0 minutes ago
        they fixed it . need better paywall bypasses
    • Stevvo 10 minutes ago
      Doesn't work.
  • gyanchawdhary 6 minutes ago
    At the risk of sounding extremely naieve i have a question for the Wall St / quant / HFT folks lurking here ... but how hard would it actually be to brute force the math/algos behind Medallion Fund (or something in that general class) or even some of the average quant funds

    I know it’s not just the math but execution, infrastructure, risk management, data, colocation (if ur an HFT) etc ... but LLMs seem like a pretty powerful apparatus for running experiments that .. a few years ago would have required fairly deep multidisplinary skills across coding .. stats .. and math ..

    So assuming you have decent intuition for ideas .. how difficult would it actually be to reverseengineer / rediscover some of the underlying stuff?

  • 296012 36 minutes ago
    That is too bad for The Economist. Exor N.V and Agnelli might replace some pundits at The Economist.
    • ddp26 25 minutes ago
      The Economist has actually published other human forecasts many times, e.g. Metaculus or Good Judgment forecasts. They do year-end forecasts too.

      Whether they draw on AI or other humans seems immaterial to the quality of their reporting.

  • qsbuilder 17 minutes ago
    The test is when reflexivity kicks in and the prediction itself changes market behavior. LLMs usually melt there
  • xgulfie 38 minutes ago
    Hasn't this been true for like 40 years
  • croes 32 minutes ago
    Given the training data isn’t that more a win for the wisdom of the crowd?
  • anon48293 28 minutes ago
    Paywall