How close are we to having AI turn the USD into Monopoly money?
Take something very predictable like SGOV, which today will bounce from $100.64 to $100.65.
I have $10M and have trained an AI to buy at .64 and sell at .65, hundreds, if not thousands of times per day.
10,000,000\*(1.0001\^1000)=11,051,653.926
(Take .01% profit and reinvest, 1000 times in a day)
30 days of that is $221M.
Would the cost of these trades make this not profitable? Is this already happening? What’s this look like large-scale? Where does this money come from? Are we fucked? Am I crazy?