Everything old is new again. These new AI “funds” remind me the applied research that was done in the 2000s with strategy search through genetic programming, startups like Logical Information Machines, even Peter Thiel had a macro hedge fund.
Failed to grasp what collapse data this article applies to. There is for sure a certain amount on individuals that will be able to sense structural changes if they happen to be in the right place at the right time and they have access to the right data and a set of mental models to do so. However there is a random factor at play for all the things that need to be right. There are no seers, only lucky seers.
No need for evidence of net benefits to get mass adoption. We have mass adoption of digital touchpads in cars despite evidence they are not safe. We have widespread adoption of open spaces despite evidence of them not increasing productivity..
LLMs get you to average.
LLMs are not good at decision making under uncertainty.