using chatgpt to predict stock prices

Discussion in 'Artificial Intelligence' started by IronFist, Dec 28, 2022.

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  1. Someone more intelligent than me explain what is happening here to me:

     
    Sekiyo likes this.
  2. Sekiyo

    Sekiyo

    Nothing crazy.

    Apple‘s ADR is about 2%
    If you predict the close == open,
    You’re going to be off by 1% in average,
    Which is what the program is achieving.
    Tough to be less accurate IMO.

    So you’ve got something
    That you don’t understand,
    That doesn’t make any money,
    That has taught you almost nothing.

    But it’s a nice chat bot.
    That currently is error prone.

    According to ChatGPT,
    It takes twice the amount of time,
    For 8 cars vs 4 cars to perform the same road-trip.

     
    Last edited: Dec 28, 2022
  3. VEGASDESERT

    VEGASDESERT

    This thing is freaking amazing
     
  4. VicBee

    VicBee

    Give it about 10 years to predict buy/sell better than any humans
     
  5. schizo

    schizo

    I'm willing to bet there is one out there already. We just don't know about it.
     
    M.W., Nobert, MarkBrown and 2 others like this.
  6. ET180

    ET180

    There are lots of trading bots. For a long time, there's been a huge financial incentive to develop something that has a sustainable edge.
     
    MarkBrown likes this.
  7. VicBee

    VicBee

    Agreed. But I imagine one has to pay millions to get a system set up and maintained, with a time reasonable ROI. What these new AI will do is improve accuracy at a fraction of the cost. At what point will the government step with rules to limit overly accurate bots?
     
  8. M.W.

    M.W.

    Completely different domain, has nothing to do with time series, financial data. This is solidly rooted in the NLP space. Nothing to be seen here...

     
    VicBee likes this.
  9. tomkat22

    tomkat22

    It'll never happen.There's an invisible entity in the Universe that has one job: make stock prices as unpredictable as possible. And it's very good at that job.
     
    Sprout, artak and schizo like this.
  10. VicBee

    VicBee

    Yes but.... Plug an AI to a quantum system with 1000's of financial data feeds and non financial data from specific industries or focused areas of interest, feed the info into a trading bot and perhaps the % trade accuracy reaches levels unheard until now. After all, some of the most sophisticated systems are used to predict weather patterns and these days their accuracy is quite impressive.
     
    #10     Dec 29, 2022
    schizo likes this.