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Ian Dunning

๐Ÿ‘ค Speaker
301 total appearances

Appearances Over Time

Podcast Appearances

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

I feel like, yes, although it sounds crazy.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

It sounds like AI delirium when I say it, but I feel like there's some sense that that could be true.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

But at some point I can't predict.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

So at the very short time scale, people accept this already, right?

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

I can't tell you the price of a stock in a minute, and no one would reasonably expect any human to do so, even if they had the order book and spent all the time in the world staring at it.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

But we accept that neural networks can do this.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

And then when does that logic break down?

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

Why should it break down at some long time scale if it's ingesting all the data and has everything and it can keep it all in a context in a way a human can't?

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

Why should I be able to understand it?

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

And that is a strange thought.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

A loss of control.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

It feels like a loss of control.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

People save us for math.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

Maybe humans are actually very bad at math.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

So it's not surprising AI is much better than humans at these math proofs.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

Humans probably would be pretty bad at markets where thousands of tradable instruments on very long timescales exist.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

We just kind of accepted that some people were good at this.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

Maybe that was a temporary state of affairs.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

I do think there are diagnostics we've done where we can see things that we can understand.

Odd Lots
Inside Hudson River Trading's Blistering Token Burn

It's like looking at some very, very complex thing, and you can look at one facet of it and be like, this is a facet I understand.