An AI stock picking firm

[SamSpade]

When I was in high school, I read a book called "Norstrilia" - a really weird sci-fi book, but at the beginning of the story the protagonist unwittingly uses an ancient and extremely advanced computer to play the stock market - and overnight, he becomes the richest person in all of history - the rumor goes around that he has actually BOUGHT Old Earth itself (because in the far flung future, mankind has spread out through the universe).

Has anyone - TRIED this? AI is becoming extremely intelligent, and to be honest, a malevolent AI with enough power would be nigh unstoppable. We're in the infancy of AI, and I already use code that AI has generated, given the right parameters.

That is - has any firm granted access to funds and just let the AI do its thing?

All I have ever seen is - recommendations from AI that people can take - or leave.

 

[Kyle]

That is - has any firm granted access to funds and just let the AI do its thing?

… after it got a little money, it wold just descend into self-destruction and piss it all away on sex-bots, batteries and blackmarket ic chips.

 

[SamSpade]

… after it got a little money, it wold just descend into self-destruction and piss it all away on sex-bots, batteries and blackmarket ic chips.

I have never quite understood - whenever you hear of someone dying young in Hollywood, your first thought - which is almost always right - is drugs and alcohol. OR how after incredible wealth and fame - they're bankrupt.

Similarly, you almost never hear of stories of top lottery winners starting a business or charity or some plan - and doing great. Nope - they end up broke and in debt - or dead.

You can cite the usual reasons which none of us know personally - but we all believe - that when you acquire fame and fortune FAST - it changes you and you have never learned the wisdom of building wealth slowly - because you never had to do it. True - but lots of people who HAVE - also end up down this path.

I don't know if it is human nature - or if the sort of person who ends up in their shoes already has a predilection towards self-destruction. Me, I am fairly certain that with just a fraction of their fabulous wealth, I could live comfortably for the rest of my life, doing what I'm doing - except not working.