Using public information and making small tweaks, an alpha-seeking AI fund manager outperformed 93% of mutual fund managers by an average of 600%.
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I could care less if it beats someone on data that already happened. Let me know how it does going forward. My guess is that it won’t beat an s&p500 index fund.
it’s not exactly terribly difficult to beat the s&p 500
It “made” the money based on a backtest. It means nothing.
Depends on whether the AI is cheating by using data more recent than the trade date.
Will take longer to run it in real time and get meaningful results (I presume).
for what it’s worth “AI” has been making trades around the clock for quite a long time now it’s just getting better. but it’s not the AI that you’re thinking of in the modern context like an llm these are very specific logical trading bots.
Didn’t they crash the market that one time
If an AI can emulate Renaissance Technologies’ Medallion Fund and do so on a large scale in the future, that would be a great step forward, but only a few would be able to do so.
