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The explanation is easier, I think. Consider what data these models are trained on, and who are the immediate developers of these models. The models are traine
by troupo 2y ago
The explanation is easier, I think. Consider what data these models are trained on, and who are the immediate developers of these models.
The models are trained on a vast set of whatever is available on the internet. They are developed by tech people/programmers who are surprisingly blind to their own biases and interests. There's no surprise that one of the main things they want to try and do is programming, using vast open quantities of Stack Overflow, GitHub and various programming forums.
For finance and legal you need to:
- think a bit outside the box
- be interested in finance and legal
- be prepared to carry actual legal liability for the output of your models
- dannyw 2y ago> - be prepared to carry actual legal liability for the output of your models Section 230. It's been argued that a response by a LLM, to user input, is "user-generated content" and hence the platform has generally no liability (except CSAM). Nobody has successfully sued.
- troupo 2y agoNo one has challenged this. Because LLMs haven't been (widely) used in legal or legally binding contexts
- moffkalast 2y agoThen again, we just had this on the front page: https://news.ycombinator.com/item?id=40957990 https://news.ycombinator.com/item?id=40957990 > We first document a significant decline in stock trading volume during ChatGPT outages and find that the effect is stronger for firms with corporate news released immediately before or during the outages. We further document similar declines in the short-run price impact, return variance, and bid-ask spreads, consistent with a reduction in informed trading during the outage periods. Lastly, we use trading volume changes during outages to construct a firm-level measure of the intensity of GAI-assisted trading and provide early evidence of a positive effect of GAI-assisted trading on long-run stock price informativeness. They're being used, but nobody is really saying anything because the stock market is a zero sum game these days and letting anyone else know that this holds water is a recipe for competition. Programming is about the opposite, the more you give, the more you get, so it makes sense to popularize it as a feature.
- troupo 2y agoStock trading is indistinguishable from gambling :) But true, I forgot that this, too, is part of finance