Comment by eli_gottlieb
4 days ago
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?
but why should capital markets be the test of intelligence?
Why do AI companies rely on capital markets to keep them afloat?
Why? Because this is where all the money is. And because the survival of AI companies ultimately depends on the ability to earn more than they spend.
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