Comment by jqpabc123
4 days ago
TI should stop selling their calculators and compete in Math Olympiad instead!
Can they make more money doing this? I don't think so --- and apparently, they don't either.
Finance and equity markets would be the first place I would look to apply "super intelligence" for huge, quick cconomic returns.
Instead, they peddle "tokens". Wonder why?
Because it turns out capital markets are actually reasonably efficient and throwing more "brains" at them yields steeply diminishing returns in increased allocative efficiency, compared to deploying those same "brains" as capital to produce output commodities?
Ever hear of arbitrage and hedge funds?
These companies exist specifically to identify and take advantage of aberrations and inefficiencies in capital markets.
This is something I would expect "super intelligence" to excel at.
https://en.wikipedia.org/wiki/List_of_hedge_funds
Ok, but besides today's models mostly not being trained to find those inefficiencies, who says that finding them is actually the most profitable thing to do with a good brain? I know Juergen Schmidhuber likes it, but why should capital markets be the test of intelligence?
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