• @dustyData@lemmy.world
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      10 months ago

      Have you read about what daily trading in Wall Street is actually like nowadays?

      It’s bots fighting each other for millisecond advantages in cents differences in prices. The only humans still participating are chumps sacrificing their money so it’s siphoned by the robots into hedge funds and financial risk management firms.

      • @glassware@lemmy.world
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        110 months ago

        I wouldn’t want a job making more money for hedge fund, but it’s such an interesting technical problem. They’re building custom hardware with FPGAs to parse price changes directly from network packets and respond before a normal CPU even knows what’s happening!

    • @jarfil@lemmy.world
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      510 months ago

      Don’t forget the AIs extracting engagement metrics, so that AIs can decide which articles to summarize and rewrite… for the cycle to repeat itself.