[w2df]

As someone that knows a high-flying portfolio manager who works at a very well known firm that I wont name... I can confidently state these tools are DOA. Ive spoken to them at length about the nature of what these people actually do day-to-day. If you think its just about using excel then you're already way off.

They (OAI+Anthropic) very much do not get exactly what these people are doing in the job (accounting+corporate finance+valuation+asset management) and what the actual production process is. These tools are irrelevant, disrupt flow and if anything just add noise to what one is doing.

[z3c0]

This might be the first time I've seen a HN comment in a GPT thread that actually reflects what the average business user sees in GPT products.

They don't do the job, reliably or well. No amount of wishful thinking or extra tokens will change that.

[w2df]

No surprise really.

Remember when Steve said 'The computers for the rest of us'?

I suppose it isn't a surprise. Are researchers/generally geeky people meant to be able to relate to the average person's day-to-day beyond their sphere? Lmao.

You can't produce stuff for people you don't understand. Understand being a very key term.

[airstrike]

As a former investment banker, I mostly agree. This is probably 10% of the work

[w2df]

Even 10% might be generous.

I bet the bozos at OAI and Anthropic think a person who deals with stuff like cost of capital is going to go ask an LLM for it.. when in reality the individual needs to know how/why they chose what they did.

Comical stuff.

[esafak]

Why are they irrelevant? You do not say anything.

[airstrike]

Because the challenge is in the space between apps, not in the apps themselves.

[w2df]

I care not to. I hope Anthropic and OAI keep burning money on stuff that's DOA.

I know there are employees of those firms here that would love to know. But nah lmao.

[brcmthrowaway]

I know the firm - it's RenTech.

[w2df]

nah the firm in question has much higher AUM.

[brcmthrowaway]

Citadel