I don't remember the institution, but I remember reading a paper on a simulated trading environment with several ai agents who didn't know about eachother. The LLMs were pretty conservative with profits and deliberately bought and sold in predictable ways. They all ended up "colluding" with eachother by deliberately not competing.
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Here's a crazy thought, the massive firms who have been trading programmatically using ML since it's very earliest adoption, are simply going to program their shit to eat chatGPTs lunch. I have no doubt whatsoever that these desks are thrilled by the number of people predictably using public LLMs to choose trades, such a fresh new dataset of the newest, smoothest brains for them to exploit.
I just use AI for projected profits and losses, and determine earnings schedule and report. I also trade in international markets and I have used AI as well. And like a lucky gold miner prospecting, AI helped me with finding good leads in the international market.
But of course, in spite all that, you have to have due diligence. You still have to verify if what the AI is saying is correct.
I mean, you're have to be pretty good to lose that hard... or buy penny stocks or something.
I've had this happen where I fed it some ebooks and the responses it pulled were nonsense. Eventually I pulled JUST the knowledge stack and queried it, only to find it spitting back garbage.
Turns out, epub processing had been broken for a while, but nobody noticed... And they still haven't fixed it, so I have to convert them to txt first...
Real horror.
For the yougun's, the people posting this stuff are the same people who posted all the same shit about crypto when it was $12,000. Be careful who you listen to just because its in a meme.