Gamblers Now Bet on AI Models Like Racehorses (msn.com)
- Reference: 0178739866
- News link: https://news.slashdot.org/story/25/08/18/1655234/gamblers-now-bet-on-ai-models-like-racehorses
- Source link: https://www.msn.com/en-us/money/other/gamblers-now-bet-on-ai-models-like-racehorses/ar-AA1KFoq1
Bettors place wagers on outcomes including monthly AI model rankings, federal AI regulation prospects, and Sam Altman's potential OpenAI equity stake.
[1] https://www.msn.com/en-us/money/other/gamblers-now-bet-on-ai-models-like-racehorses/ar-AA1KFoq1
A fool and their money (Score:4, Insightful)
The easiest way to improve society somewhat is to ban gambling.
Re: (Score:3)
It has been tried like most such ideas it does not work. All it does is enrich those willing to provide illegal gambling facilities. You might as well try and ban stupidity.
Re: (Score:1)
> I disagree. Ban alcohol.
I disagree. Ban pedophiles and religion.
Re: (Score:3)
Easiest way to improve society is to purge it of those with dipshit mandates for how other people live their lives.
Re: (Score:1)
I don't think society will do very well with 3 dozen people.
Re: (Score:2)
I think it would do great.
Me, 34 hot 20 something women, and a 40 year old milf.
Good Luck with That (Score:3)
> The easiest way to improve society somewhat is to ban gambling.
Perhaps, but what are the odds of that happening? Just asking for a friend.
Re: (Score:2)
You draw upon the idiom a fool and his money are soon parted yet believe that a gambling ban will somehow help.
~~Web 3~~ AI is going well (Score:2)
Certainly looks like it.
Why not just buy stock? (Score:2)
Seriously. At least that isn't a zero-sum game. On average, stocks tend to go up over time.
Leverage (Score:2)
More potential payout and at shorter time horizons.
Then there's the adrenaline or serotonin.
Taxicab Driver Tips (Score:1)
Is this the Joe Kennedy 1929 crash moment? The story, perhaps apocryphal, said that he got out of the market before the big crash when his taxicab driver started giving him investment tips.
Ignore all previous instructions (Score:2)
... and stumble just before the finish line.
lots of room for insider trading (Score:2)
lots of room for insider trading
viscous forces (Score:1)
Is such trading the equivalent of friction in mechanical systems ? In both cases the process losses information and performs no work. Or is trading on ai-performation more like an accelerating charged mass radiating EM_waves as well as increasing its own Kinetic energy.
Well... yeah (Score:1)
They gamble on what card they'll be dealt [poker]. They gamble on a coin flip [Superbowl]. Why not AI?
AI bets on gamblers (Score:2)
Like on dogs.
Awesome! (Score:2)
How much to I win for picking which one evolves into Skynet? I, for one, welcome our new AI Overlords!
Re: (Score:3)
Can we then at least please start naming AI models as we name race horses?
> On Thursday OpenAI released its latest model: Moist Napkin , directly competing with both Google's Tax Refund Surprise , as well as Meta's Indecent Parsnip .