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Excess Returns

What Generative AI Means for Investors with Adam Butler

Jan 4, 2024
Adam Butler, ReSolve Asset Management CIO, joins the podcast to discuss generative AI and its impact on investing. Topics include large language models' functioning, including their ability to process data and generate responses, the constraints and potential of GPT-4, using generative AI in investing for prototyping and data integration, the benefits of a tool for Python code translation and data exposure, building investment strategies using AI, and embracing generative AI technology.
01:03:43

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Generative AI has the potential to revolutionize knowledge work by enhancing productivity and improving the quality of work.
  • AI empowers entrepreneurship by allowing individuals to leverage AI tools and create customized chatbots and prototypes, opening up opportunities for small businesses.

Deep dives

Understanding Large Language Models

Large language models like GPT-4 are capable of ingesting and analyzing vast amounts of textual data from the internet and other sources. They use advanced algorithms to find relationships between words and generate coherent responses to user inputs. The models predict the next word or token based on the words provided to them, constantly referring to their vast knowledge base. The models can even provide disclaimers and suggestions for seeking expert advice in sensitive domains like medicine or law. These models have the potential to revolutionize knowledge work by enhancing productivity, improving the quality of work, and making everyone above average in various domains.

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