Odd Lots: How Hudson River Trading Actually Uses AI (Podcast)

Unfortunately, it doesn’t seem as though you can get great stock picks just by going to ChatGPT and asking it to recommend some investments. And yet financial firms of all...

By Tracy Alloway, Joe Weisenthal · Bloomberg Markets

Unfortunately, it doesn’t seem as though you can get great stock picks just by going to ChatGPT and asking it to recommend some investments. And yet financial firms of all sorts — including trading firms — say they’re increasingly using AI. But are the tools actually being deployed? And how do these tools differ from traditional machine learning or algorithmic approaches to trading, the likes of which have been used by quant firms for decades now. On this episode of the podcast, we speak with Ia