TI should stop selling their calculators and compete in Math Olympiad instead!

Can they make more money doing this? I don't think so --- and apparently, they don't either.

Finance and equity markets would be the first place I would look to apply "super intelligence" for huge, quick cconomic returns.

Instead, they peddle "tokens". Wonder why?

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eli_gottlieb 4 days ago | parent | next [-]

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?

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jqpabc123 3 days ago | parent [-]

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

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eli_gottlieb 3 days ago | parent [-]

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?

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jqpabc123 3 days ago | parent [-]

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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eli_gottlieb 3 days ago | parent [-]

> Why? Because this is where all the money is.

Well no, it's not. If finding inefficiencies in capital markets was the most profitable thing to do, the capital markets would never invest in anything but themselves. Recursion hits bottom somewhere and investors, at some point, want to invest in a real business, not just in a recursive investment vehicle.

	▲	jqpabc123 2 days ago \| parent [-]
		the capital markets would never invest in anything but themselves. The "capital markets" are not closed. The "market" itself doesn't decide what to invest in -- individuals and corporations do. I would expect an individual/corporation armed with real "super intelligence" to have a distinct advantage in this regard --- wouldn't you? What better way to prove the value of AI than applying it to earn mountains of money in the open market --- instead of setting mountains of the stuff on fire.

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mirmor23 4 days ago | parent | prev [-]

Redbull gives you wings.