Recent comments in /f/technology

venustrapsflies t1_jbkdce8 wrote

I’m sure they’re not using it to make any sort of meaningful decisions. There’s a lot of big game being talked about ChatGPT, but it’s not going into anything critical at any place serious about making money. It’ll be used for like, internal utilities to save their people time.

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FoolioDisplasius t1_jbkd2g7 wrote

They have $60B net short position, and being that they are also the biggest market maker in wallstreet, it is suspected that they internalize trades that go against their shorts in a market manipulation scam that is truly awe inspiring. Just 2 years ago, 3 stocks were shorted at over 100% of the float. And when the squeeze was about to happen, Citadel ordered Robinhood, the largest retail stoke broker, to disable the GME buy button.

Or to put it simply: it is currently impossible to know if the $60B worht of shorts are on stocks that simply *do not exist*.

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flash654 t1_jbkanoj wrote

This is such a basic accounting concept, it's no mystery at all with even a basic understanding.

Say I'm an importer that sells widgets and you want to buy 100 of them from me. You don't need them all right away though. You need 10 a month to make your product.

In order to get a better deal, you go ahead and pay me for all 100 up front.

I have 50 in my warehouse so I go ahead and ship those to you. I need to order 100 more. I haven't done that yet. You don't need them yet, and won't need them for 5 months. I could potentially wait 4.9 months and you wouldn't know the difference. Eventually I'll buy those other widgets and then ship them to you, but there's no reason to do it yet.

I've sold you an asset, but I haven't bought it yet.

Being that this is Citadel though and not a widget importer, I assume this just means they have a net short position on something which they haven't covered yet.

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HanaBothWays t1_jbjtj4n wrote

It’s a race to develop better Large Language Model tech, but if you are in a sector that deals with sensitive data and these tools pose a risk of inadvertently disclosing that data (because the tools send everything back to “the mothership” for analysis), being an early adopter is maybe not such a good idea.

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andylowenthal t1_jbjsaf4 wrote

More specifically, and immediately, they can use it to post comments on social media, including Reddit, to shift narrative based on a false majority consensus. It’s already happening now, they just pay people minimum wage for the comments, this would just make creating those false narratives cheaper and faster.

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Touchyuncle45 t1_jbjqouz wrote

Well looks like this is a race , the more you wait the more money and power you will lose.

Who would have thought google could become less relevant as a search engine? Ai powered search engines are the future , imagine reddit using AI to filter posts and results ...

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OrangeKeewee t1_jbjeeqr wrote

Old story. If you wanna see what people do with deepfakes, just go to 4chan. There's always a few threads up for that topic.

What's even worse imo, at least when it comes to potential ramifications for pretty much any modern society, is ai voice fakes. There are some extremely believable voice fakes out there, and that's only the stuff some dude on 4chan makes. Imagine what professional studios could do with that.

We are headed straight into a gloomy new age with this shit.

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