[capitalsigma]

Stock traders already use ML models. "Replacing traders with ML models" means "making the job 'trader' into a job that develops ML models, rather than more traditional things like doing research on companies (or whatever)." My understanding is that this transition basically already happened over the course of the last two decades or so.

[qbasic_forever]

Sure but why are we paying someone like Jamie Dimon or Warren Buffett millions and billions of dollars when they could just be an AI that only needs a few dollars of electricity a day.

Also why can't an AI develop AI models for stock trading? What's really left for the 'job' of the ML model creator, will it just be to press the 'Go' button and walk away...

[Tostino]

That's the thing about ownership, we don't really have a choice if they own enough of what we need to survive.