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Also Goldman Sachs: uses quant algorithms for high speed trading at scale. What a joke.

• drewcoo 2y ago
  There is no contradiction in that. I'd like to see the quants that are using ChatGPT for HFT. Apples and oranges.
• TeaBrain 2y ago
  The existence of sophisticated algorithms does not necessarily imply the existence of machine learning/"AI". Despite Rentech executing all their trades via algorithmic models, Jim Simons once said that they didn't use any machine learning.
  • johnthewise 2y ago
    https://youtu.be/X72PZ_tQ4cA?si=Mj-w9iXFO4CCTCj0&t=78 https://youtu.be/X72PZ_tQ4cA?si=Mj-w9iXFO4CCTCj0&t=78 I think he says the opposite.
    • TeaBrain 2y ago
      Interesting that he does say that in that somewhat recent interview. I forget where exactly I heard that he said that Rentech didn't use machine learning, but it may have been from an older interview.