I have one simple question: do you think that in the coming decades Artificial Intelligences will eventually make human traders useless?
Being a compulsive future student (mainly of Ray Kurzweil, he has great stuff), and being aware that in ten years computers will be 1,000 more powerful, and in twenty years they will be one million times more powerful than today, i can't help but think that eventually they'll be so powerful that they could get much much better at trading than humans. If nowadays they're already finding their place in the markets, in the future they may become so much better that they'll make humans eat dust. Just think of chess as an example (in the past, people would laugh if someone said that a computer could eventually beat a grandmaster).
I'm aware that chess and trading requires two different skills, and the big advantage traders still have over computers is that they're so much better at recognizing patterns, but if nowadays there are already people working on programming computers to recognize patterns, in ten or twenty years i can only imagine how good computers will get.
What do you think? I can not form a completely educated opinion on this because while i know the fields of trading and of countless visions of the future, i have no knowledge about programming and its several nuances and hence i have no idea of its possibilities with much more powerful computers. I'd love to hear from a few programmers.
Being a compulsive future student (mainly of Ray Kurzweil, he has great stuff), and being aware that in ten years computers will be 1,000 more powerful, and in twenty years they will be one million times more powerful than today, i can't help but think that eventually they'll be so powerful that they could get much much better at trading than humans. If nowadays they're already finding their place in the markets, in the future they may become so much better that they'll make humans eat dust. Just think of chess as an example (in the past, people would laugh if someone said that a computer could eventually beat a grandmaster).
I'm aware that chess and trading requires two different skills, and the big advantage traders still have over computers is that they're so much better at recognizing patterns, but if nowadays there are already people working on programming computers to recognize patterns, in ten or twenty years i can only imagine how good computers will get.
What do you think? I can not form a completely educated opinion on this because while i know the fields of trading and of countless visions of the future, i have no knowledge about programming and its several nuances and hence i have no idea of its possibilities with much more powerful computers. I'd love to hear from a few programmers.
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