3 ms·
I see that as a continuation of a long arc of using machines to read things in finance (not just on the buy side, btw.), don't think it will change the competit
by RandomLensman 2y ago
I see that as a continuation of a long arc of using machines to read things in finance (not just on the buy side, btw.), don't think it will change the competitive dynamics between the more dominant players. (There might be some more concentration in some areas, but the dynamics for that pre-date LLMs or even AI/ML in some cases.)
- llm_trw 2y agoThe question is if their holdings will melt faster than they can develop the capability to use the new AI better than the small fries going after them. So far this year the main thing slowing down development for us has been the SEC seizing our development boxes for insider trading once a month or so. Which given that each cost $50,000 has been something of a sore point.
- RandomLensman 2y agoSome of the "small fry" might get big, but similarly some of the big players will stay big - even pre-AI there have been sizable shifts in AUM.