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rhyperior • yesterday at 10:37 PM • 3 replies • view on HN

If that does become possible then the market will naturally establish efficiency again and the opportunity will disappear.


Replies

gunalx • yesterday at 10:48 PM

If the market would be fully efficient how would it be possible to make money in the market? I font think the market is that fast at rebalancing.

epistasis • yesterday at 11:23 PM

This seems somewhat obviously true, to some degree, but it all depends on the prompt, I think?

In the equilibrium, profits fall to zero in capitalism, but there's never equilibrium, everything is changing. Profit comes from insights that others haven't seen, from access to opportunities that others don't have, or through monopolistic control generating economic rents.

For that AI to make money, it has to have a harness that gives it one of the above things, which does seem possible.

cyanydeez • yesterday at 10:44 PM

it'll basically be scam vs scam if that's every what happens.