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What will happen if everyone starts using heavy statistical methods or LLMs to predict stocks prices? And buys stock based on them? Will it absolutely make ever
by nicce 2y ago
What will happen if everyone starts using heavy statistical methods or LLMs to predict stocks prices? And buys stock based on them? Will it absolutely make everything unpredictable?
Edit: assuming that they initially provide good predictions
- infecto 2y agoThis has already been a thing since the late 80s.
- surfingdino 2y agoHFT guys won't touch GPT. The stakes are too high. If LLMs could give those guys an edge they'd be all over this tech.
- berkes 2y agoOr rather: If LLMs could give those guys an edge, there's no way they'd share their edge-giving LLMs with anyone, least of all their competition and the plebs.
- deleted 2y ago[deleted]
- tempusalaria 2y agoA number of quant firms are among the largest global consumers of commercial LLMs The only area you absolutely can’t use LLMs is in sub ms latency
- surfingdino 2y agoSo where is matters the most.
- lucianbr 2y agoIsn't it already unpredictable? That is why nobody outperforms indices. And utterly irrational, which is again both expected and seen. This must be why Tesla continues to have a huge market value - Elon knows how to excite the LLMs. :)