OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling and pitchbook tasks traditionally handled by junior bankers.
I’m fine with this. The world has enough greedy assholes.
Even if ai turns out to be a greedy asshole also, it won’t take much GPU power to run one. How hard is it to program a computer to say stupid shit like “I want a Porsche!” Or “your finest steak!”.
Home grown AI models have been shown to be extremely good at market analysis and predictions, some managing quite nice gains by daytrading small amounts and micro transactions - gains that previously were reserved to the coke-moustached shark investors and savvy finance geeks.
If hosted models can bring results even just half as good as those, to the average people, that will be a make and break point for the finance fuckers. Because why would you go to an investment firm who offers maybe 40-50% gains YoY while taking 15-20% of the profits, when you can pay £20 for Claude or ChatGPT and have 300-500% returns on your base investment every month?
I’m fine with this. The world has enough greedy assholes.
Even if ai turns out to be a greedy asshole also, it won’t take much GPU power to run one. How hard is it to program a computer to say stupid shit like “I want a Porsche!” Or “your finest steak!”.
Do politicians next.
Honestly, this could be a great equaliser.
Home grown AI models have been shown to be extremely good at market analysis and predictions, some managing quite nice gains by daytrading small amounts and micro transactions - gains that previously were reserved to the coke-moustached shark investors and savvy finance geeks.
If hosted models can bring results even just half as good as those, to the average people, that will be a make and break point for the finance fuckers. Because why would you go to an investment firm who offers maybe 40-50% gains YoY while taking 15-20% of the profits, when you can pay £20 for Claude or ChatGPT and have 300-500% returns on your base investment every month?