In our hedge fund, which everyone knows about, we have been using AI for AMM for a while. We are probably the biggest cloud user, period. Not just in finance but everywhere. We have started using LLMs for fundamental research and have made substantial progress to eliminate hallucinations. Unfortunately, for the general public, we cannot publish anything. That’s the world of finance for you. But Bloomberg needs to do more research before putting out this kind of segment. In fact it should try to understand how it’s being used inside Bloomberg market data business
@@v1kt0u5 No, she is missed the boat and is pissed off about it. Nothing she said made sense because what she said could be applied to any new innovation...
She is right, AI is not deterministic, it can often give you wrong answers or factually incorrect, in world of Enterprise, you need facts and figures to the T.
Anyone who knows anything about AI, knows it has little to do with giving answers to people's questions. That is like saying a computers main purpose just is addition, substration, and multiplcation of whole numbers.
Hedge funds are heeding the writing on the wall and have started to slowly dump their NVDA shares. They don't want the stock price to collapse, as they want to sell at a high price. So, their analysts frequently appear on CNBC and other news outlets to argue why NVDA's share price has a lot of room to run, why they think it will go up to $200 etc. etc. But that's just to get retail to buy NVDA shares so that there is enough exit liquidity for the hedge funds to dump at the current price level.
Well done, Parmy. Your reporting is reflective of what we observed in our research for over a year. Enterprises are having challenges with their GenAI POCs as they discover the limitations of the technology. Many have or are resorting to RAG. Yes, there are security issues that are rarely talked about that are enterprise showstoppers. Then there is the cost for questionable return.
Parmy, artificial general intelligence is not the idea of a couple of guys. It is a field with decades of work and millions of researchers . The ideas discussed are ridiculous
Party Olson, I’m sorry they made you say all of that. You do understand these are the least powerful states. Why waist your time talking about principles that 6 months from now will be resolved: These are new scales of utility. And yes you do need to learn to be creative, guess what that’s the point
In our hedge fund, which everyone knows about, we have been using AI for AMM for a while. We are probably the biggest cloud user, period. Not just in finance but everywhere. We have started using LLMs for fundamental research and have made substantial progress to eliminate hallucinations. Unfortunately, for the general public, we cannot publish anything. That’s the world of finance for you. But Bloomberg needs to do more research before putting out this kind of segment. In fact it should try to understand how it’s being used inside Bloomberg market data business
no, as they are talking of general use for the masses...
@@v1kt0u5
No, she is missed the boat and is pissed off about it.
Nothing she said made sense because what she said could be applied to any new innovation...
Nvidia will be releasing their earnings come August 2024. Hopefully, the news will be fantastic and sends the stock soaring!
Well said, the current technology is far from the AGI, or the HBO Westworld
She is right, AI is not deterministic, it can often give you wrong answers or factually incorrect, in world of Enterprise, you need facts and figures to the T.
Anyone who knows anything about AI, knows it has little to do with giving answers to people's questions.
That is like saying a computers main purpose just is addition, substration, and multiplcation of whole numbers.
Hedge funds are heeding the writing on the wall and have started to slowly dump their NVDA shares. They don't want the stock price to collapse, as they want to sell at a high price. So, their analysts frequently appear on CNBC and other news outlets to argue why NVDA's share price has a lot of room to run, why they think it will go up to $200 etc. etc. But that's just to get retail to buy NVDA shares so that there is enough exit liquidity for the hedge funds to dump at the current price level.
Well done, Parmy. Your reporting is reflective of what we observed in our research for over a year. Enterprises are having challenges with their GenAI POCs as they discover the limitations of the technology. Many have or are resorting to RAG. Yes, there are security issues that are rarely talked about that are enterprise showstoppers. Then there is the cost for questionable return.
Another person who doesn't know what AI is and isn't...
@@RK-um9tuHow is it that you “know AI”?
Parmy, artificial general intelligence is not the idea of a couple of guys. It is a field with decades of work and millions of researchers .
The ideas discussed are ridiculous
NVidia falls below 3 trillion
This is exactly it! AI is great at what it currently does, but it is not, and may never be, AGI.
Party Olson, I’m sorry they made you say all of that. You do understand these are the least powerful states.
Why waist your time talking about principles that 6 months from now will be resolved:
These are new scales of utility. And yes you do need to learn to be creative, guess what that’s the point
She sounds ridiculous
Yes she’s clueless. That’s why I had to post a comment, under a pseudonym of course
lel... she's very right
cope