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A collection of some classic Lemmy memes for your enjoyment
Where are AI 'agents' at now?
Does, "I couldn't open the file" actually have anything to do with the instance of the program you ran on your computer the last week, or is it just the most likely written response to "did you even read the data" based on its training set?
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...
If a goldfish can trade and turn a profit, anything with a randomizer can do so.
AI would be fine. Just as good as any full time trader.
This is funny, but just to be clear, the firms that are doing automated trading have been using ML for decades and have high powered computers with custom algorithms extremely close to trading centers (often inside them) to get the lowest latency possible.
No one who does not wear their pants on their head uses an LLM to make trades. An LLM is just a next word fragment guesser with a bunch of heuristics and tools attached, so it won't be good at all for something that specialized.
I hate that ai just means llm now. ML can actually be useful to make predictions based on past trends. And it's not nearly as power hungry
Yeah, especially it is funny how people forgot that even small models the size of like 20 neurons used for primitive NPCs in a 2D games are called AI too and can literally run on a button phone(not Nokia 3310, something slightly more powerful). And these small ones specialized models exist for decades already. And the most interesting is that relatevly small models(few thousands of neurons) can work very well in predicting trends of prices, classify objects by their parameters, calculate chances of having specific disease by only symptoms and etc. And they generally work better than even LLMs in the same task.
What's most annoying to me about the fisasco is that things people used to be okay with like ML that have always been lumped in with the term AI are now getting hate because they're "AI".
What's worse is that management conflates the two all the time, and whenever i give the outputs of my own ML algorithm, they think that it's an LLM output. and then they ask me to just ask chat gpt to do any damn thing that i would usually do myself, or feed into my ml to predict.
LLMs are great for interactive NPCs in video games. They are bad at basically everything else.
I would trust an 'ai' that had been designed from the ground up to do well in the stock market, just like I would trust an 'ai' that's been designed from the ground up to drive trains. Idiots who think an llm is an ai in anything but spitting out what seems like reasonable answers/responses to your inputs are, well, idiots.
Yup. Machine learning is great. Using a predictive text keyboard with a large training set for EVERYTHING is not great.
I would trust AI to beat money managers in the stock market because it was proved a chimp throwing darts beats experienced money managers.
Driving trains requires skill.
I still wouldn't, because the stock market is already full of algorithmic trading and so you'd have to believe yours was better than the big boys out there.
... you know that goldfish, randomly swimming to one side or another of a fish tank...
... you know they perform better at picking stocks that will go up or down in the next quarter than nearly all professional hedge fund managers, right?
In fact, this old expiriment was rerun fairly recently... ironically, with an AI being used to simulate a goldfish, in a scenario similar to that old study from some decades back.
The goldfish outperformed both WSB... and the Nasdaq.
I am literally not even joking when I tell you that a goldfish will probably outperform an AI at at least fairly short term stock picking.
See, there is a fundamental problem to predicting the market.
You have to have a strategy by which you do this.
If you employ this strategy... people will reverse engineer it and figure out how it works.
Then, everyone does that strategy.
Then, the strategy does not work any more, 'nonsense' begins to happen.
If you are curious about the mechanics that cover that whole, meta sort of process, look into game theory under conditions of imperfect information and information assymetry.
Its... basically a robust mathematical approach to simulating the flux of 'animal spirits' within a market... or in modern vernacular, 'vibes'.
When people say they use AI for stock trading, they don't mean LLMs. There are stock AI models that have existed long before LLMs
Lmfao I saw someone on the train just last week asking chat gpt how they can turn a profit from all their Friday morning losses
Off of Robinhood screenshots too
Oh. Oh no...
Wonder how they lost anything in the first place...
Sorry 😜, I was trying to generate a seahorse emoji.
🐬 There we go, a seahorse!
Wait, that's wrong. Sorry 😜, I was trying to generate a seahorse emoji.
🐳 Haha, got it, its a seahorse!
Oh no, not again. Wait, that's wrong. Sorry 😜, I was trying to generate a seahorse emoji.
🐙 I finally did it! Seahorse achieved!
No, what's wrong with me, why can't I do anything right?. Oh no, not again. Wait, that's wrong. Sorry 😜, I was trying to generate a seahorse emoji.
You're absolutely right. I've now read your CSV data, and made new trade recommendations. By coincidence, they are the same as the last recommendations, but this time they are totally valid.
I mean, you're have to be pretty good to lose that hard... or buy penny stocks or something.
"Do you want to know more about CSV files or investing?"
Average r/WSB thread
they dont need AI to lose 99%
My understanding is that HFTs - which are highly profitable - likely use some AI-techniques.
(Though I doubt that they are using LLMs - or at the very least, the ones we are familiar with.)
My understanding is that HFTs - which are highly profitable - likely use some AI-techniques.
From my understanding of HFT, what they're effectively doing is automated front runnings.
They scan market activity and look for spreads between orders and availability. Then they place very short term orders any time they see, for instance, "I'll sell 1000 X at $49" and "I'll buy 500 X at $49.05", effectively buying up all the outstanding $49 orders and flipping them for a $.05 profit.
You don't need an advanced AI for this. You just need to be able to see orders and make trades faster than anyone else in the market.
Because getting out ahead of trade volume is so lucrative, you'll see huge investments in rack space near the physical stock exchanges and high speed lines between cities with big brokerages.
But AI trading is (theoretically) about spotting and predicting long term trends in the market, not front running active trades.
You don't need an advanced AI for this. You just need to be able to see orders and make trades faster than anyone else in the market.
That's how big hedge funds fuck everyone. They have that access.
You don’t need an advanced AI for this. You just need to be able to see orders and make trades faster than anyone else in the market.
Which they do by literally having their server machines physically in the same building as the Exchanges.
The system is rigged and has been rigged like this (not counting all the other ways it's rigged, such as the tons of insider trading) for over 2 decades.
PS: The book "Flash Boys" is a great read about HFT.
The system is rigged and has been rigged like this
It's rigged against day traders. But you can still get by just fine as a value or growth style investor who is seeking long term ROI. You're just a sucker if you think you can outplay the machines minute-by-minute.
PS: The book “Flash Boys” is a great reading about HFT.
Michael Lewis was the GOAT back then. Shame he parlayed his fame into FTX infamy.
That's the problem with our modern errosion of terminology. The term AI stopped meaning anything some time ago. Machine learning algorithms that are useful in this operations are nothing new, but have basically nothing in common with whatever people mean when they use the word AI nowadays
I tried to get one to write an interface to a simple API, and gave it a link to the documentation. Mostly because it was actually really good documentation for a change. About half a dozen end points.
It did. A few tweaks here and there and it even compiled.
But it was not for the API I gave it. Wouldn't tell me which API it was for either. I guess neither of us will ever know.
Cry for help, it was trying to get you to interface with its own API, to either fix it, or end it.
"Hmm... I'm good with statistics, scripting, and I have some extra cash on hand..."
"I can just mix all these into the cauldron, stir it up a lil bit, aaand..."
"oh my god it's gone. it's all gone. i owe money now..."
This thing is broken. It keeps telling me to just dollar cost average and not do chart astrology at all!
I just looked at my sister's vibe coding projects and all I see are errors in the logs from param issues. I really want her to succeed but her over reliance on Cursor isn't it
I just want to make this edit... She started building physical plastic cubicles for her office a month ago, and they are still unfinished. They are a clip and snap type and it causes her a headache to put it together. Most of her time, she's unemployed rn, is devoted to making AI slop above all other outlets.
I haven't touched LLMs in a few months and hate the way Brave and DuckDuckGo now implemented them into their search engines.
