An AI analyst made 30 years of stock picks – and outperformed human investors by a ‘stunning’ degree

Comments

• Zarxrax@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  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.

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  • RedditIsDeddit@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    it’s not exactly terribly difficult to be the s&p 500

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• skip0110@lemmy.zip ⁨4⁩ ⁨weeks⁩ ago

  It “made” the money based on a backtest. It means nothing.

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  • sqgl@sh.itjust.works ⁨3⁩ ⁨weeks⁩ 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).

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• hendrik@palaver.p3x.de ⁨4⁩ ⁨weeks⁩ 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...

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  • doodledup@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    A language model is for language. Zero chance they used an LLM.

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• RedditIsDeddit@lemmy.world ⁨4⁩ ⁨weeks⁩ 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

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  • sem@lemmy.blahaj.zone ⁨4⁩ ⁨weeks⁩ ago

    Didn’t they crash the market that one time

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• MCasq_qsaCJ_234@lemmy.zip ⁨4⁩ ⁨weeks⁩ 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.

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