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A comment on Goldman Sachs says the return on investment for AI might be disappointing. Parent comment

Re:Goldman Sachs says the return on investment for AI might ... by RandomLensman on Sunday June 30, 2024 @11:16AM (#40837656)
I see that as a continuation of a long arc of using machines to read things in finance (not just on the buy side, btw.), don't think it will change the competitive dynamics between the more dominant players. (There might be some more concentration in some areas, but the dynamics for that pre-date LLMs or even AI/ML in some cases.)
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Re:Goldman Sachs says the return on investment for AI might ... by llm_trw on Sunday June 30, 2024 @11:22AM (#40837693)
The question is if their holdings will melt faster than they can develop the capability to use the new AI better than the small fries going after them.

So far this year the main thing slowing down development for us has been the SEC seizing our development boxes for insider trading once a month or so. Which given that each cost $50,000 has been something of a sore point.

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Re:Goldman Sachs says the return on investment for AI might ... by RandomLensman on Sunday June 30, 2024 @11:32AM (#40837756)
Some of the "small fry" might get big, but similarly some of the big players will stay big - even pre-AI there have been sizable shifts in AUM.
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