Tackle Today: The Rise of AI | Tackle Trading
≈ It ain’t no place for rock’n’roll. ≈
It’s one of those days you wake up and the first thing you read is an article that tells you AI is taking over journalism. Not that for a long time we didn’t want to dump those crappy newspapers with their 99% opinion/1% facts ratio. We have to be careful what we wish for, though.
One of the articles has this piece of a horror sci-fi movie plot:
“Roughly a third of the content published by Bloomberg News uses some form of automated technology. […] Cyborg helps Bloomberg in its race against Reuters, […] as well as giving it a fighting chance against a more recent player in the information race, hedge funds, which use artificial intelligence to serve their clients fresh facts.”
Another article that I’ve stumbled upon — yes, that was not my lucky day — begins with this piece :
“I wrote the first two sentences in italics below […]. Then, a new computer program created at OpenAI wrote the rest, on the first try.”
Now you couple AI journalism with high-frequency algorithm-driven trading, AI-driven hedge funds and you got a market that goes whatever “they” want, driven by news that “they” want to write based on data that “they” produce and gather.
We are going to face an unbearable volume of “information”.
…
(Musk) “I will not be able to hold the candle to AI.”
(Rogan) “[…] This is a genie that once it’s out of the bottle you’re never getting it back in.”
(Musk) “That’s true.”
…
When the machines take over,
It ain’t no place for rock’n’roll.
Chart of the Day: Maslow’s Hierarchy of Needs
This is a frequent portrayal of Maslow’s hierarchy of needs, a pyramid. The goal of Maslow’s theory is to attain the higher ground, self-actualization. It states that the individuals’ most basic needs must be met before they become motivated to achieve higher level needs.
There was no Wi-Fi connection in 1943.
Video of the day: How to estimate reward to risk ratio on a bearish trade
Learn how to quickly estimate reward to risk ratios for your directional swing trades.
Originally published at tackletrading.com on February 19, 2019.
