Vulnerability of energy trading seats being replaced by automation/AI
Vulnerability of energy trading seats being replaced by automation/AI over the next 10-20yrs? How do you feel about the longevity of the industry?
Vulnerability of energy trading seats being replaced by automation/AI over the next 10-20yrs? How do you feel about the longevity of the industry?
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Don’t see it happening for physical petroleum.
Can an AI:
-Negotiate prices with counterparts from India, China, the US, Europe
-Learn about useful information in chats, trying to get more than they give, and connect that to infer something about the fundamentals
-Weigh the risk/reward of potential trades knowing that historical data and patterns alone don’t perfectly predict anything because every year has a regime shift in one critical component or the other
It’s just a different task than guessing the next words in a useful answer or summarizing text info from various sources succinctly
Maybe yes for eliminating inefficient reporting functions and giant IT bureaucracies, but not likely to replace good traders anytime soon
Rerum et ipsum ut explicabo repellendus ab perferendis. Aut pariatur quibusdam incidunt culpa delectus. Perspiciatis et explicabo ullam magni.
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