91 karma · joined June 5, 2024
I switched to stock picking based on the premise that the market at large might be momentarily irrational because it doesn't have the same insight into the tech industry as I do - e.g. I made good profits on AMD between $30 and $150, Nvidia $100 to $400, some medium term trades on Supermicro and TSMC.
Really - it works because other traders decided there are price points of significance based on mathematical equations and act on it. Traditional technical analysis could be seen as looking for a set of technical indicators that optimally describe the amalgamation of TA and the capital it controls on the market at the moment.
But nowadays it's very hard to make it work.
Never heard that from people at Tesla or SpaceX.
I'm trying to say that we don't need any further advances in the science of ML or computers - we could already do it with a monumental lot of engineering. ChatGPT is what I meant by saying "the dumbest system - raw input to raw output based on conversations".
Several engineering steps are necessary IMHO:
- go through the training data and clean it up - likely what OpenAI does right now, but it's going to take a lot more than they have done so far
- make it a complex system with thoughts, memories, reasoning loops, planning, goal setting, self introspection... - this is what many amateurs are trying but the professionals seem to think their time is better used elsewhere right now
- careful machine code-level optimization of the software for purpose-built hardware
So, no new technologies or science are strictly necessary - "just" man-centuries of engineering.
Right now companies and researchers seem to think that there are more gains to be made at the fundamental scientific/technological level. But if that doesn't pan out, it doesn't mean AGI will never exist - just perhaps later, more energy consuming and less powerful than they thought.
Just imagine how dumb you would look if everybody heard the first thought your brain came up with, you couldn't stop yourself from saying it, think about it to consider the implications and meaning - or at least be aware you're saying it... I'm a sleep talker and the bullshit I say without any recollection of it is just insane, and frankly very similar to a hallucinating ML model.