Say there's a crystal ball, wouldn't everyone use such crystal ball? Wouldn't crystal ball become illegal? Wouldn't crystal ball nullify the effects of things?
What am I missing, can someone from this field educate me on how this stuff scales?
Re trading: I’d argue there is no such thing as solving investment nor is there “the one profitable strategy”. Every decision from personal risk appetite to trading horizon changes what is the optimal strategy for you and there are multiple strategies that make money.
Also note that even the most profitable alphas are no crystal balls. Someone else mentioned 5% correlation to future return - depending on horizon and data such level of correlation can make 9 figure PnL and is by no means easy to achieve
On the other hand, you could also view quant research as some very hard research problems, so training LLMs on these problems could also enhance their general research capabilities.
How would you sell to them, you would deliver what? Faster time to decision? Wouldn't quants be your competition, given their work is building tools like this one?
It’s a complimentary business. Simply put: we sell envs to labs, labs make better models, firms buy these models to make more profit. Everybody wins.
Yeah a competitor for us would be fellow quants doing the same thing. But even then every quant firm trades differently (and good ones all make money) so envs can still be sufficiently different.