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The Future of Investing by Lumiwealth BotSpot
Robert Grzesik
32 episodes
4 months ago
A podcast to teach you about how to make Lumiwealth more successful
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Investing
Business
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All content for The Future of Investing by Lumiwealth BotSpot is the property of Robert Grzesik and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
A podcast to teach you about how to make Lumiwealth more successful
Show more...
Investing
Business
https://is1-ssl.mzstatic.com/image/thumb/Podcasts221/v4/f5/44/cf/f544cf7d-bb56-a902-0e10-b4154784af14/mza_2709694153223503249.jpg/600x600bb.jpg
"Data Moat Terraforming: Alt-Data and Reinforcement Learning at Planet Scale"
The Future of Investing by Lumiwealth BotSpot
4 minutes
6 months ago
"Data Moat Terraforming: Alt-Data and Reinforcement Learning at Planet Scale"

"Data Moat Terraforming: Alt-Data and Reinforcement Learning at Planet Scale" Have you ever thought about how much data is floating around us at this very moment? Not just the digital footprints we leave behind on our social media accounts, or the transaction histories in our online banking, but the data streaming in from hundreds of satellites orbiting Earth, the ship-tracking data from across the seas, the stock market trends, and even the sentiment flows of internet forums like Reddit’s Wall Street Bets. This is the world of alternative data, or alt-data, a rapidly growing field that's making waves in everything from finance to agriculture. Let's start with an example. Imagine you're staring up at the night sky. You see the familiar twinkle of stars, but among them, you also notice a steady stream of lights moving in a line. You're watching Starlink, Elon Musk's ambitious project to blanket the Earth in broadband internet. But along with providing internet, these satellites also capture Synthetic Aperture Radar, or SAR, images of the Earth's surface. But what does this have to do with alt-data? Well, imagine this: a farmer uses these SAR images to create a crop-stress index. This index, in turn, gives them an edge in predicting commodity futures, enabling them to make better decisions about when to sell their crops. They've turned the 'exhaust' of satellite data into the 'fuel' of financial gain. But it doesn't stop there. The world of alt-data is vast and varied. Consider the SEC EDGAR database, a treasure trove of financial information about companies. Or the AIS ship-tracking data, providing real-time information about global shipping movements. Even Reddit's Wall Street Bets forum, a chaotic whirlwind of investor sentiments, can be mined for valuable insights. These diverse sources of data can be fed into Apache Iceberg tables, creating a sort of data smorgasbord. Here, the data can be cleaned, analyzed, and ultimately transformed into actionable insights. As we speak, the alt-data market is growing at a compounded annual growth rate of about 52%, and it's predicted to reach a staggering $635 billion by 2034. But how do we make sense of this vast sea of information? This is where Reinforcement Learning, or RL, comes into play. With RL, we can train algorithms to make sense of the data, to learn from it, and to make predictions based on it. Imagine a massive network of computers, a Ray cluster, using RL to identify patterns in the data. These patterns could predict everything from stock market trends to the next viral internet meme. Such a system could even offer a data dividend, where users could share anonymised metrics in exchange for fee rebates, similar to Tesla's Fleet Learning concept. In this way, the system would not just consume data, but also generate it, creating a virtuous cycle of data creation and consumption. The potential for monetisation in this field is enormous. Imagine selling bundles of these data-derived insights on platforms like Snowflake Marketplace. To ensure the integrity of the data and to trace any leaks, watermark hashes could be used, guaranteeing that the data is secure and trustworthy. But at the heart of all this is a simple, powerful idea: the transformation of 'exhaust' into 'fuel.' It's about seeing the potential in the overlooked, the neglected, the discarded. In the vast streams of data that surround us, there are hidden treasures waiting to be discovered, insights waiting to be unearthed, and fortunes waiting to be made. The world of alt-data and RL is not just about technology. It's about vision. It's about seeing the world not as it is, but as it could be. It's about transforming the mundane into the magical. It's about, in the words of Elon Musk, "Turning exhaust into fuel." So, the next time you're staring up at the night sky, think about the streams of data flowing from those moving lights. Think about the farmer using that data to predict the future of their crops, the stock trader using it to predict the next big market trend, or the meme creator using it to craft their next viral hit. And remember, in this world of data, the only limit is your imagination. Whether you're a master of code, a savvy entrepreneur, or just someone with a curious mind, the world of alt-data and RL is a frontier waiting to be explored. So, I invite you, join me on this journey into the future, into the world of "Data Moat Terraforming: Alt-Data and RL at Planet Scale".

The Future of Investing by Lumiwealth BotSpot
A podcast to teach you about how to make Lumiwealth more successful