MIT Professor on How AI & LLMs are Shaping Financial Advice, Analysis, & Risk Management: Part 1

Videographer: Mike Grimmett
Director: Rachel Gordon
PA: Alex Shipps

[AadhilaEesha]

Before I stopped dca-ing into my retirement account, it was 220k and has now depleted to 175k in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.

[WhaleEye-re]

I love the idea of training the LLMs along the lines of the fiduciary standard in the financial markets.

Props to the VT100 terminal as a prop, older than 99% of this video’s viewers. I primarily used one with an 11/23, UCSD Pascal and DIBOL (DEC version of COBOL).

[chwaleedsial]

I am using llms to extract insights and create summaries. Generation is one aspect, validating and to be able to rule out luck and ensure no hallucinations at 100th iteration is a bit challenging.

[KierstenCrystalLillian]

aistockadvisor AI fixes this. AI & LLMs transforming financial advice.

[Imane-rmve]

Sir, you raised a fundamental question in all of this, a wonderful start point for the legislators who seem to be lost at where to start. The question is "who owns the data???" and how is that ownership being regulated ?

[keithkeith]

Hi- Thank so much for this. Where is part 2 ?

[sitrakaforler]

Really great content ! Thanks for sharing it guys !!!

[dipanjanmandal]

Thanks for the video sir, please stay on many videos

[gaurangn]

This suggests that the world may soon witness new types of crime, prompting the creation of new organizations dedicated to preventing such threats before they arise.

[martinxyz]

There's a big snowball coming down the hill behind you, professor.

[RobinHomer-pn]

Fabulous insight into how artificial intelligence will become dominant in this field 🙏🙏🙏

[jcasey]

The singularity of AI will create a single perception resulting in a "lemming effect". If everyone has the same information and same analysis at the same time. Everyone will be charging at the same time in the same direction, resulting in extreme volatility.

[kyleevanston]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this

[hansbleuer]

I recommand the work of W. O. van Quine "Word&Object".

[rajahua]

Professor must be using back-to-future computer systems, I have not seen that before!

[SikkerRosendal]

As interesting it is, I believe most financial sentiment data is repetitive, exaggerated and delayed. But interesting video, thx

[jimjackson]

So how can i use this information if many other people either know it or knew it months ago?

[Sandsplans]

The mess I have expierenced at offices since this stuff has been implemented doesn't give me much hope

[SoleilRoiLe]

Chased by a tiger on the African Savannah -- LLM or Prof hallucination?