Well, I think the subject is very extensive, but when we start to see, in my case an AI is a double-edged sword, the most advanced thing I have seen is the GPT chat, and they only have an update until 2021, and we are in 2023, there is talk of an apparent update, but I think it will be updated until 2022, I think it will be like this so as not to return to a crazy world, and its programming is not to make predictions, I don't know, nor do I have any knowledge Yes, there are other AIs that can make predictions, but I think it will be in privileged hands and even so I don't think they will release it to the world, it is very difficult to make an AI that can predict world events, because there are many fundamentals to take On consideration, I still believe that doing trading the way one does, relying on logical thinking and making our own predictions are still more viable and with better results.
There is one thing that never really makes sense to me when we talk about AI being used in trading for example. When the goal of an AI should be to generate an alpha for a trader, there is only so much alpha in a certain situation in the market to be made. If the AI does a good job, it generates a max alpha for user A. If user B now requests the AI to generate max alpha, wouldn't it necessarily lead to an alpha being perfectly neutralized to zero with a growing number of users?
To me this seems like there is a contradiction because everyone could just start to use a certain bot. In the end it should come down again to who has access to the best software out there, which means it is again nothing more but a programming competition and speed and even then I would be careful because I think it is prone to errors when it comes to external events. How would the AI anticipate something like a pandemic? Or a war? Or any other event that has significant impact on the global economy?
