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A comment on GPT Takes the Bar Exam. Parent comment

Re:GPT Takes the Bar Exam by heywhatupboys on Monday January 09, 2023 @04:27AM (#34308436)
While HN often have over the top, "computers will solve everything" takes, your comment is why I keep coming here. What a great fantasy, which at least is a good discussion.

We see this already now i high frequency trading, where companies essentially battle trading bots against each other

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Re:GPT Takes the Bar Exam by blitzar on Monday January 09, 2023 @04:41AM (#34308514)
> companies essentially battle trading bots against each other

two computers playing heads or tails is about the extent of it

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Re:GPT Takes the Bar Exam by heywhatupboys on Monday January 09, 2023 @07:42AM (#34309684)
surely they are making the traders money though. The smart thing about the free markets is that companies are generally not pursuing things that are not of benefit to them
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Re:GPT Takes the Bar Exam by blitzar on Monday January 09, 2023 @09:31AM (#34310698)
> companies essentially battle trading bots against each other

Bot A is trading against Bot B.

> surely they are making the traders money though

It is not possible in a trading battle, exclusively between two parties for them to both make money.

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Re:GPT Takes the Bar Exam by heywhatupboys on Monday January 09, 2023 @12:30PM (#34312989)
Stock trading is not a zero sum game.

Even further the point: there are more participants in total than the botters

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Re:GPT Takes the Bar Exam by blitzar on Monday January 09, 2023 @05:12PM (#34317020)
Stock trading is a negative sum game - there are costs for every trade.

> companies essentially battle trading bots against each other

If the bots are trading against each other, but making money from the other market participants then they are not trading against each other - they are trading against the other market participants.

[ Parent | on HN ]