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

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Күн бұрын

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@AadhilaEesha Ай бұрын

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.

@simone_maya Ай бұрын

If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.

@AadhilaEesha Ай бұрын

How can one get in touch with them? I’m looking for a fiduciary what’s the kinda fee for consulting?

@Muller_Andr Ай бұрын

Do some research. The demand for advisors have risen more now than it did in the 90’s. At least their importance in an economy such as this can’t be understated. There are a good bunch as well as a bad bunch. You gotta do due diligence and use discretion. I work with Monica Mary Strigle sh’s big timer in New York w/ over 600 m worth assets under management

@AnkurYo Ай бұрын

I have seen advisors and commentary on them but not one that looks this classy. She experienced as detailed in the report. I set up a call. How soon should one expect feedback?

@AadhilaEesha Ай бұрын

Looks good. I hope my email doesn’t end up ignored, lady is very young for that experience and looks quite brilliant. Thanks for sharing.

@WhaleEye-r4e Ай бұрын

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

@kongchan437 Ай бұрын

As with full function self driving technology....who is at fault when people crashing on their investment ?

@chwaleedsial 2 ай бұрын

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.

@45414 2 ай бұрын

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).

@kongchan437 Ай бұрын

Hey..cobol back in style recarnating on AWS Microfocus platform...all old things can be recycled eventually...why not...anyone out there building OO COBOL ? anyone

@kongchan437 Ай бұрын

You would be surprise the now defuncted ancient IBM CMS back in the late 70 early 70's already had lightpen interface to guide interactive rocket lunar landing games at University of Toronto computer rooms and their other dept of libraey info science already using PARC Xerox Star mouse graphical interfaces that Steve Job and Bill Gate borrowed their GUI Window technology from... all old things can recarnate back in style someday

@iGuide_net Күн бұрын

We used them back in the latest 80s/early 90s in our custom Datatrieve application running on our Microvax 2. Anybody remember FMS?

@Imane-rm8ve Ай бұрын

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 ?

@KierstenCrystalLillian 2 ай бұрын

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

@sitrakaforler8696 Ай бұрын

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

@dipanjanmandal1771 2 ай бұрын

Thanks for the video sir, please stay on many videos

@keithkeith2106 2 ай бұрын

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

@ratthachat Ай бұрын

kzbin.info/www/bejne/baGyoKCVptF0fpYsi=d8kv2DzFd8FZc9Ii

@RobinHomer-p6n 2 ай бұрын

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

@gaurangn6991 2 ай бұрын

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.

@kyleevanston 2 ай бұрын

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

@lindaweiss9 2 ай бұрын

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

@anatolyivan 2 ай бұрын

I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

@ValentinAntonio-wo3vb 2 ай бұрын

I'm new at this, please how can I reach her?

@mary_.1peterson 2 ай бұрын

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

@kyleevanston 2 ай бұрын

she's mostly on Instagrams, using the user name

@martin777xyz 2 ай бұрын

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

@jcasey8335 Ай бұрын

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.

@hansbleuer3346 2 ай бұрын

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

@camiloandresleguizamon3624 Ай бұрын

The best teacher !!!

@rajahua6268 Ай бұрын

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

@natico-w812 Ай бұрын

he is right

@jimjackson4256 2 ай бұрын

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

@SikkerRosendal 2 ай бұрын

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

@SoleilRoiLe 20 күн бұрын

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

@peterpalumbo1963 Ай бұрын

As to data provided by me being used by the entity I provided it to, the data could be used as long as it is not being used against my. If the data were used against me it would be a violation of natural law.

@Sandsplans Ай бұрын

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

@jason-us8pc Ай бұрын

CAN AI SOLVE CHAOS TECHNOLOGY - GARBADGE IN GARBADE OUT - WE KNOW THE MASSIVE MISINFORMATION IF FED TO THE MAINSTREAM?

@DonikaJorgo-l7e 23 күн бұрын

Sir ..stock market it's One group of people (speculate) with numbers They play To day they decided to send high..for haven some observations on reactions of players..how they will play Next day they sens low.. I don't agree never to play in stock If someone wants to make a future happy ? Bonds are oky 10y If they needed for to day Then stay working and play for day Treasure are not for playing games..😂 Reserve. Metals can not help nothing in economics high inflation Bonds gv Reserve too ate risk You are MIT professional..and some all good 👍 👏 You are right ✅️ thx. There are just a numbers Do you believe 35 trillions are real money? Paper without value Numbers control for cautioned.. Don't print money please. 😂with destroyed people Lifestyle

@dfend451 Ай бұрын

If Robots/A.I. will take over and do everything, how can the common man invest with money he can't earn anymore? Is that a paradox? It seems financial markets will not exist right? Money will be meaningless because the work force works for free.

@johngalt2100 2 ай бұрын

Limited factual information. He translates just a list of beliefs and hopes.

@ignaciourena5692 Ай бұрын

With all the fails of AI its scary to someone use it for Financial Advice ...

@MrEast900 2 ай бұрын

Where’s part 2?

@MITCSAIL 2 ай бұрын

Coming soon

@MrEast900 2 ай бұрын

@@MITCSAIL it would be useful if he explains how he does this real time risk assessments using LLMs

@Agent77X 2 ай бұрын

The guy from YOU finance influencer and top founders of Ginkgo Bioworks($DNA) are from MIT too. All are total MIT failures!😮

@faisalsheikh7846 2 ай бұрын

I guess I saw him in Veritasium's video

@lordcrunk4790 2 ай бұрын

“We are, I believe, involved in present at what I can only call a Third World War…. Man’s struggle to save his personality from destruction by technology is something more than a substitute for war. It is a form of war itself.” Arnold J. Toynbee, British historian

@diegoalberto1071 2 ай бұрын

Just so you guys know, RenTech has done this since the 80's... *highest annual return in the industry*

@themsuicjunkies Ай бұрын

Medallion fund?

@ednan9 2 ай бұрын

I disagree with the prof - behavior finance & sentiment analysis is human psychology- the underlying word is ‘human’ - and he’s saying machines/LLM can interpret human emotions? Two different LLMs can interpret human completely differently - could cause a crash

@RobinHomer-p6n 2 ай бұрын

You simply do not understand A.I I have been an investor for just over forty years and see the clear advantages. Please watch Mo Gawdat, A.I is very soon to be twice as bright as the most intelligent person on Earth. In 13 to 14 years time artificial intelligence will be more than 1 billion times MORE intelligent than humans, and you think humans can out think this form of intelligence, maybe by then artificial general intelligence will be in bedded as well and A.G.I will certainly out think any human

@jecarisada 2 ай бұрын

Exactly, just don't say that loud, or the AI cult will crucify you lol

@bravewarrior1218 Ай бұрын

#ednan The rapid adoption of LLMs in the financial sector poses significant risks, including potential misinterpretation of human behavior, which could lead to erroneous decision-making. As LLMs enhance fraud detection, risk assessment, and customer service, their reliance on vast data can introduce biases and inaccuracies. A sudden shift in LLM deployment without adequate safeguards may destabilize financial markets, as firms could act on flawed insights or recommendations, leading to systemic failures. Thus, while LLMs offer transformative potential, their integration must be approached cautiously to mitigate risks.

@ednan9 Ай бұрын

@@bravewarrior1218 agree

@MaryLee-r2v Ай бұрын

Jackson Betty Rodriguez Ruth Brown Margaret

@thesleuthinvestor2251 2 ай бұрын

Would an AI advise you to bet on Trump being elected in 2016, if the AI's designer made the AI left leaning? In other words, would the AI put its designer's interests ahead of yours?

@andysondur 2 ай бұрын

prof is right brained, head tilted to the right.

@SamuelMegan-k4f 2 ай бұрын

Martin Nancy Jones Jeffrey Young Ronald

@alexat62 Ай бұрын

Good god! Is this the level of intellect of an MIT professor? So repetitive. If I was in his class I’d be falling asleep and then asking for a refund. Do u really need to explain such basic terms as “hallucinations” and “fiduciary responsibility”. Five minutes of information stretched into a 20 minute snoozefest. I should just have gotten an AI to summarize the video for me 😂.