I could care less if it beats someone on data that already happened. Let me know how it does going forward. My guess is that it won’t beat an s&p500 index fund.
An AI analyst made 30 years of stock picks – and outperformed human investors by a ‘stunning’ degree
Submitted 9 months ago by Pro@programming.dev to technology@lemmy.world
Comments
Zarxrax@lemmy.world 9 months ago
RedditIsDeddit@lemmy.world 9 months ago
it’s not exactly terribly difficult to be the s&p 500
MCasq_qsaCJ_234@lemmy.zip 9 months ago
If an AI can emulate Renaissance Technologies’ Medallion Fund and do so on a large scale in the future, that would be a great step forward, but only a few would be able to do so.
skip0110@lemmy.zip 9 months ago
It “made” the money based on a backtest. It means nothing.
sqgl@sh.itjust.works 9 months ago
Depends on whether the AI is cheating by using data more recent than the trade date.
Will take longer to run it in real time and get meaningful results (I presume).
hendrik@palaver.p3x.de 9 months ago
What AI? An LLM? Because I can see how hindsight would be hugely beneficial for stock trade. And if they use a model with knowledge from 2024 on data on 1990...
doodledup@lemmy.world 9 months ago
A language model is for language. Zero chance they used an LLM.
RedditIsDeddit@lemmy.world 9 months ago
for what it’s worth AI has been making trades around the clock for quite a long time now it’s just getting better
sem@lemmy.blahaj.zone 9 months ago
Didn’t they crash the market that one time