Google Tests AI-Powered Google Finance (blog.google)
- Reference: 0178615028
- News link: https://tech.slashdot.org/story/25/08/08/1527232/google-tests-ai-powered-google-finance
- Source link: https://blog.google/products/search/google-finance-ai/
[1] https://blog.google/products/search/google-finance-ai/
AI and non-deterministic, chaotic systems (Score:2)
Any AI person out there who can say whether AI brings anything to chaos theory?
Always found Google Finance to be underwhelming... (Score:2)
Compared to what is out there, Yahoo, Investor, Bloomberg etc etc, I have always found Google's product to be underwhelming bigtime!
Issues:
* Its interface damn ugly!
* There's almost no structure to the "feedback" one gets once a query is submitted!
* The whole site has a dull color theme. Google thinks users of this product are teenagers with great eyesight!
They now embark on a new task...what's wrong with Google these days?
How far behind (Score:2)
I have to wonder how far behind the news this AI is going to be, or if they have somehow fundamentally changed things. Current AI's spend a lot of time being trained on a static corpus of knowledge, and then only have a relatively small context window of extra information that they can be given to respond with new information (e.g.: your recent chat history).
But stock prices are fluctuating all the time, and often enough the recent fluctuations are more important to the future of the stock than previous one
DOA (Score:1)
The trillion dollar company that could not make a game console, or sell domains, wants to launch a Financial AI service? My bet is 30 months before ending up on 'killedbygoogle'.
AI = absolute worst idea for investing (Score:3)
Investing in the stock market consists of doing at least one of three things:
1) Attempting to predict the future better than other people. Good luck with that.
2) Managing your risk, so that you take investments that have slightly less risk than the likely return, as compared to other investments. Not that hard to do, but profits are small. Talking 2% better than the market.
3) Figuring out when people are making bad decisions and doing the opposite. I.E. Outsmart the mob.
#1 AI is trained to predict the future - but it does so by doing EXACTLY the same thing as the data it was trained on. It cannot predict better than the general human mob does.
#2 is relatively easy to do, you do not need an AI to do it. Lots of great measures of risk, any trained competent financial consultant can do this.
#3 requires an actual understanding of mob psychology, which AI does not have. It makes predictions based on mob psychology, it does not actually understand it.
Re: AI = absolute worst idea for investing (Score:2)
Why does AI predict grammar well enough to make zero syntax or grammar errors, whereas people regularly do? If AI just regurgitates training data why doesn't it make as many spelling errors as are apparent in any random selection of internet text?
Are we seeing something similar to when a crowd sings "Take me out to the ball game" and the result is perfect tonality despite very few of the individual singers being able to sing on key normally?
Re: (Score:2)
First, Grammar errors are debatable. They refer to an outdated vision of what language is. Grammar is a convention that changes over time. They were originally intended to be clear, easily understood, global communication. AI does not make zero syntax errors, it slavishly follows the rules as established 20 years ago, making no innovation.
In other words it regurgitates training data, just a specific form of training data. If you train it on UK English, then it will routinely 'misspell':
annex, check,
Re: AI = absolute worst idea for investing (Score:2)
Does AI make it's vs. its errors, and if you surveyed slashdot posts why wouldn't the average be to make the error? Similarly, if more people sing flat than sharp, how does the crowd converge on the right pitch?
Re: (Score:2)
> Investing in the stock market consists of doing at least one of three things:
I would offer that your three things are more specific to active trading in the the market. Parking money in an index fund, like one mirroring the S&P 500, for the long haul, and riding the cycles, is different.
Re: (Score:2)
This is a good idea, but:
1) It ignores the question of which index fund. Dow, S&P, Nasdaq etc. all differ substantially. #2 is manage your risk appropriately = picking which index to invest in.
2) This is, to a large extent, an example of #3 - doing the exact opposite of what the Mob does.