Trading firms have been using ML and Neural Nets for trading and investment insight for ages before the current LLM “AI” boom started. I knew someone working in that space on investment derivatives in the mid 2010s.
You don’t really need to speculate on it. It’s old news. This is just a joke about how there’s a new crop of suckers who are absolutely using LLMs for stock advice.
I left the Finance Industry at about the time when ML in machine trading was just starting to be thought about and never got involved in it (or even Machine Trading) so I wasn’t sure it was happening, but knowing what I know of the industry it makes total sense that they would at least try it out since they have tons of in-house developers and can afford to pay a lot for domain-relavant expertise.
PS: Also for example things like Neural Networks have been in used since the 90s in other domains and Finance seems to take around a decade or decade and a half to catch up to Tech in terms of Software.
Trading firms have been using ML and Neural Nets for trading and investment insight for ages before the current LLM “AI” boom started. I knew someone working in that space on investment derivatives in the mid 2010s.
You don’t really need to speculate on it. It’s old news. This is just a joke about how there’s a new crop of suckers who are absolutely using LLMs for stock advice.
Makes sense.
I left the Finance Industry at about the time when ML in machine trading was just starting to be thought about and never got involved in it (or even Machine Trading) so I wasn’t sure it was happening, but knowing what I know of the industry it makes total sense that they would at least try it out since they have tons of in-house developers and can afford to pay a lot for domain-relavant expertise.
PS: Also for example things like Neural Networks have been in used since the 90s in other domains and Finance seems to take around a decade or decade and a half to catch up to Tech in terms of Software.