this post was submitted on 29 Jun 2024
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Yes, let AI handle stock trading, this is a great idea and definitely doesn't have potential to collapse the global economy
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Isn’t most trading done via machine these days? I think these guys just ignored proven technology and used some ChatGPT api to “power” their ETF lol
it says it's using a quantitative model like all the other trading bots, not chatgpt. people were using machine learning models for trading long before gpt 4 but since the "AI" boom now everything has to be labelled AI or AI-powered.
I remember helping a friend wrote one in R and Python like 10+ years ago when we were in highschool to predict the MISO energy market.
Some dude paid us like $3000 to make one for him because he wanted to buy a $10k solar farm in Oklahoma so he could speculate on grid futures...