Goldman Sachs automated trading replaces 600 traders with 200 engineers

Re:Goldman Sachs automated trading replaces 600 traders with... by tomjen3 on Tuesday February 07, 2017 @04:05PM (#13592793)

No doubt. The last people to be replaced are going to be software devs (because when you can write a computer program with an AI you can make the AI write the AI and you have general AI), cleaning ladies and probably police investigators.

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Re:Goldman Sachs automated trading replaces 600 traders with... by onion2k on Tuesday February 07, 2017 @04:36PM (#13593053)

because when you can write a computer program with an AI you can make the AI write the AI and you have general AI

There doesn't need to be a single AI to create the entire app. An AI to model data structure, an AI to build an interface, an AI to consume external APIs, etc. We already mostly bolt libraries together to make software; it doesn't take a huge leap for those libraries to be generated by machine learning.

Building anything but the most complex apps will be trivial in 10 or 20 years time.

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Re:Goldman Sachs automated trading replaces 600 traders with... by lsaferite on Tuesday February 07, 2017 @05:02PM (#13593307)

I have a feeling someone said the same thing 10 or 20 years ago.

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Re:Goldman Sachs automated trading replaces 600 traders with... by stale2002 on Tuesday February 07, 2017 @10:17PM (#13595393)

They DID say the same thing 10-20 years ago, and they were CORRECT.

Ever try to build a web application in Assembly language or C? It would probably be pretty difficult. You don't have to do that anymore.

1 web developer can do more work today than 100 assembly developers could, from 50 years ago.

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Re:Goldman Sachs automated trading replaces 600 traders with... by cmoscoso on Tuesday February 07, 2017 @11:13PM (#13595690)

Build a JS app today is extremely complex.

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Re:Goldman Sachs automated trading replaces 600 traders with... by onion2k on Wednesday February 08, 2017 @03:23AM (#13596729)

I think that's more a sign that we want more from web apps than any increased complexity in the apps themselves. Building a web app now isn't any more technically difficult than building a Linux app was 20 years ago. The only difference is that the tools aren't as mature.

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Re:Goldman Sachs automated trading replaces 600 traders with... by eru on Tuesday February 07, 2017 @05:28PM (#13593530)

We are just ratcheting up the complexity all the time. Moving goalposts (and a bit of complexity-bloat).

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Re:Goldman Sachs automated trading replaces 600 traders with... by jmagoon on Tuesday February 07, 2017 @05:32PM (#13593565)

But isn't there still the step of translating the business logic into a machine readable format, and isn't that what the majority of software engineers do at this point anyways?

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Re:Goldman Sachs automated trading replaces 600 traders with... by FLUX-YOU on Tuesday February 07, 2017 @06:06PM (#13593852)

And up next, AI containers and AI container orchestration ran by an AI

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Re:Goldman Sachs automated trading replaces 600 traders with... by thavalai on Tuesday February 07, 2017 @04:26PM (#13592973)

"But of your job is to look at data and make descisions based on that data, you're gonna be the first to go."

"The last people to be replaced are going to be software devs"

If your job is to write code so people can look at data and make decisions based on that data, you're gonna be the second to go.

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Re:Goldman Sachs automated trading replaces 600 traders with... by zardo on Tuesday February 07, 2017 @04:28PM (#13592986)

The world's oldest profession will be the world's last profession.

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Re:Goldman Sachs automated trading replaces 600 traders with... by tomjen3 on Wednesday February 08, 2017 @07:01AM (#13597609)

Nah a 3D environment with the right force feedback input would be both much more convenient, much cheaper and much more private.

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Re:Goldman Sachs automated trading replaces 600 traders with... by secfirstmd on Wednesday February 08, 2017 @05:10AM (#13597157)

Not if those weird Japanese robot sex toys take off.

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Re:Goldman Sachs automated trading replaces 600 traders with... by tortarga on Tuesday February 07, 2017 @05:57PM (#13593781)

Fishing?

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Re:Goldman Sachs automated trading replaces 600 traders with... by Chos89 on Tuesday February 07, 2017 @06:15PM (#13593935)

Picking fruit

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