Masters in Business Jon McAuliffe on Innovation and Statistical Methods
72 snips
Sep 8, 2023 Jon McAuliffe, co-founder and CIO of the Voleon Group, discusses the evolution of machine learning systems and the challenges they face. They also explore the development of trading strategies using machine learning and the two cultures of prediction. The practical applications of AI and language models in different fields are explored, as well as systematic investment strategies. The approximation of bond mutual fund and ETF values is discussed, along with the historical use of scientific methods in investment management.
AI Snips
Chapters
Transcript
Episode notes
Early Amazon Recommendation Engine
- Jon McAuliffe worked on the Amazon recommendation engine during a time when the entire purchase history database fit on a single 20-gigabyte file.
- This allowed him to load the entire database onto his computer and run analyses locally.
GPT-3's Goal
- Large language models like GPT-3 are trained to predict the next word in a sentence, regardless of the truth or falsehood of the output.
- This can lead to surprising sophistication but also to inaccuracies or “hallucinations.”
Genotype Calling
- Jon McAuliffe worked on genotype calling at Affymetrix during his PhD.
- Genotype calling helps identify variations in DNA sequences that make individuals unique.