this post was submitted on 10 Jun 2025
-32 points (25.0% liked)

Technology

72334 readers
2887 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
 

Using public information and making small tweaks, an alpha-seeking AI fund manager outperformed 93% of mutual fund managers by an average of 600%.

all 14 comments
sorted by: hot top controversial new old
[–] Zarxrax@lemmy.world 24 points 3 weeks ago (1 children)

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.

[–] skip0110@lemmy.zip 18 points 3 weeks ago (1 children)

It "made" the money based on a backtest. It means nothing.

[–] sqgl@sh.itjust.works 1 points 3 weeks ago

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).

[–] hendrik@palaver.p3x.de 15 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

What kind of AI? An LLM? Because I can see how hindsight would be hugely beneficial for stock trade. And if they used a model with knowledge from 2024 on data on 1990...

[–] doodledup@lemmy.world 4 points 3 weeks ago

A language model is for language. Zero chance they used an LLM.

[–] jlh@lemmy.jlh.name 3 points 3 weeks ago (1 children)

Can we stop letting chatbots make economic and administrative decisions, thanks

[–] REDACTED@infosec.pub -4 points 3 weeks ago

What makes you think this was LLM? From reading the article, it sounds like something else.

[–] MCasq_qsaCJ_234@lemmy.zip 2 points 3 weeks ago

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.