36
OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services (www.cnbc.com)
submitted 2 months ago by to c/technology@lemmy.world
9 comments fedilink hide all child comments

all 9 comments

sorted by: hot top controversial new old
[–] 20 points 2 months ago (5 children)

Yes, this is the show I've been waiting for -- big finance vs. big tech. It's like the unstoppable force meeting the immovable object.

  • permalink
  • fedilink
  • source
  • hideshow 5 child comments
    •
  • [–] 13 points 2 months ago (4 children)

    Wall street will love this. Do you think they want to train and pay junior bankers?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 11 points 2 months ago (2 children)

    I do actually, it's like an exclusive club, they need fresh blood. Plus, if there are no junior bankers, who would be constantly fellating the senior bankers?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
    • [–] 4 points 2 months ago (1 child)

    I'm fine with this. The world has enough greedy assholes.

    Even if ai turns out to be a greedy asshole also, it won't take much GPU power to run one. How hard is it to program a computer to say stupid shit like "I want a Porsche!" Or "your finest steak!".

    Do politicians next.

  • permalink
  • fedilink
  • source
  • hideshow 1 child comment
    •
  • [–] 2 points 2 months ago

    Honestly, this could be a great equaliser.

    Home grown AI models have been shown to be extremely good at market analysis and predictions, some managing quite nice gains by daytrading small amounts and micro transactions - gains that previously were reserved to the coke-moustached shark investors and savvy finance geeks.

    If hosted models can bring results even just half as good as those, to the average people, that will be a make and break point for the finance fuckers. Because why would you go to an investment firm who offers maybe 40-50% gains YoY while taking 15-20% of the profits, when you can pay £20 for Claude or ChatGPT and have 300-500% returns on your base investment every month?

  • permalink
  • fedilink
  • source
  • parent
    • [–] -3 points 2 months ago

    you should just be happy to have a job, ignore how little you are paid those paid more got laid off - - current boss

  • permalink
  • fedilink
  • source
    •