James, are systems created by AI profitable at all then? Based
on your comments, AI created systems will side with the majority,
and hence will lose in trading: majority loses trading markets.
Correct?
Posted by James_Roe on 12th of May 2023 at 01:37 pm
I've seen profitable ones, but they often have undesirable
features like holding for years at a time.
The tech
is rapidly improving but you have to tell them what you want
specifically, just asking for a generally profitable strategy isn't
going to get you something compelling.
Essentially everything I've built with them has also had errors
so you have to be able to do your own code review.
Posted by James_Roe on 12th of May 2023 at 01:45 pm
I've spent a lot of time playing with this stuff as it's clear
that it's going to change essentially every industry in the next
few years, but if you want to get a good grasp of its limitations
try asking ChatGPT to design a novel experiment to advance a
unified field theory.
What you get back is essentially just experiments that have
already been proposed by scientists in literature. It doesn't know
more than current humans, it's just better at aggregating data.
Posted by fredsaid on 12th of May 2023 at 01:56 pm
Agreed. This is the difference between today's AI and AGI
(Articicial General Intelligence). Once AI learns how to
'think' with new potential data models, given it's power already
demonstrated in aggregating vast amounts of data - look out and I
don't think we are too far away. The other thing worthy of
note is even without AGI, there are sooooo many jobs that AI makes
vastly easier/more powerful/efficient it will have a profound
impact in it's current form. There is a lot of money to be
made providing ChapGPT like, customized and updateable data models
for every industry on earth. A wealth of companies are being
launched to fill this gap.
Posted by DigiNomad on 12th of May 2023 at 01:48 pm
Yep, ChatGPT is very limited without the ability to link to and
prompt other systems and then iterate based on the data it
receives. Almost gimmicky in the public facing version.
Posted by James_Roe on 12th of May 2023 at 01:51 pm
Even the integrated stuff is bad at the moment, i run a couple
thousand or so queries a day through autogpt using the gpt4 model
and the results are underwhelming at best. I find i have to give it
very short, very specific goals and do a lot of hand holding to
advance projects.
Posted by DigiNomad on 12th of May 2023 at 01:33 pm
Not if they backtest and optimize the system they create....it
is possible. Have to be willing to iterate after that...just like
in real life. The trick is having an AI that is able to
access live data sets....which is NOT ChatGPT.
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James, are systems created by
Volatility daily systems
Posted by junkie on 12th of May 2023 at 01:32 pm
James, are systems created by AI profitable at all then? Based on your comments, AI created systems will side with the majority, and hence will lose in trading: majority loses trading markets. Correct?
I've seen profitable ones, but
Posted by James_Roe on 12th of May 2023 at 01:37 pm
I've seen profitable ones, but they often have undesirable features like holding for years at a time.
The tech is rapidly improving but you have to tell them what you want specifically, just asking for a generally profitable strategy isn't going to get you something compelling.
Essentially everything I've built with them has also had errors so you have to be able to do your own code review.
I've spent a lot of
Posted by James_Roe on 12th of May 2023 at 01:45 pm
I've spent a lot of time playing with this stuff as it's clear that it's going to change essentially every industry in the next few years, but if you want to get a good grasp of its limitations try asking ChatGPT to design a novel experiment to advance a unified field theory.
What you get back is essentially just experiments that have already been proposed by scientists in literature. It doesn't know more than current humans, it's just better at aggregating data.
Agreed. This is the difference
Posted by fredsaid on 12th of May 2023 at 01:56 pm
Agreed. This is the difference between today's AI and AGI (Articicial General Intelligence). Once AI learns how to 'think' with new potential data models, given it's power already demonstrated in aggregating vast amounts of data - look out and I don't think we are too far away. The other thing worthy of note is even without AGI, there are sooooo many jobs that AI makes vastly easier/more powerful/efficient it will have a profound impact in it's current form. There is a lot of money to be made providing ChapGPT like, customized and updateable data models for every industry on earth. A wealth of companies are being launched to fill this gap.
Yep, ChatGPT is very limited
Posted by DigiNomad on 12th of May 2023 at 01:48 pm
Yep, ChatGPT is very limited without the ability to link to and prompt other systems and then iterate based on the data it receives. Almost gimmicky in the public facing version.
Even the integrated stuff is
Posted by James_Roe on 12th of May 2023 at 01:51 pm
Even the integrated stuff is bad at the moment, i run a couple thousand or so queries a day through autogpt using the gpt4 model and the results are underwhelming at best. I find i have to give it very short, very specific goals and do a lot of hand holding to advance projects.
James - that's awesome that
Posted by DigiNomad on 12th of May 2023 at 01:57 pm
James - that's awesome that you are playing with it at all! I'm jealous. Need to devote some time to coding again before this revolution passes me up.
Not if they backtest and
Posted by DigiNomad on 12th of May 2023 at 01:33 pm
Not if they backtest and optimize the system they create....it is possible. Have to be willing to iterate after that...just like in real life. The trick is having an AI that is able to access live data sets....which is NOT ChatGPT.