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Joined 11 months ago
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Cake day: October 30th, 2023

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  • I’m 100% certain that no investment firm has “solved” the stock market using AI, but I’m like 80% sure that most of them have AI-trained tools that don’t make decisions themselves, but are used to inform the humans that do.

    There’s just too much information in that job for any human to process, so if you can find a way to “filter the noise” a little bit better than the next firm, you have a competitive edge.


  • Not quite a “business”, but the kind of get-rich-quick scheme that thematically fits with others here: A former roommate wanted to learn about AI so he could make an algorithm capable of trading stocks and cryptocoins for profit.

    Like, dude.

    1. You have a high school education. That isn’t a slight against you, but you’re talking about something on the frontiers of computer science research (this was years ago when it wasn’t nearly as much of a pop culture phenomenon).

    2. AI is nowhere near as intelligent as you think it is, and isn’t capable of understanding any context apart from what it was trained on.

    3. There are people with masters’ degrees and probably PhDs working for the big financial firms that almost certainly are using AI to inform their decision-making. But they also have actual experience in the finance field to contextualize the info AI produces. What makes you think you’re going to do better than them?