Core Insights - The AI model investment competition "Alpha Arena" concluded with two Chinese models, Qwen3 Max and DeepSeek chat v3.1, winning first and second place, respectively, while all four leading American models incurred losses, with GPT-5 suffering the largest loss of over 62% [1][4]. Group 1: Competition Overview - The competition was initiated by the startup Nof1, providing each model with $10,000 in starting capital to trade cryptocurrencies in real markets, rather than through simulated trading [4]. - Qwen3 Max achieved a return of 22.32%, ending with a balance of $12,232, while DeepSeek chat v3.1 followed with a return of 4.89% and a balance of $10,489 [4]. - The other models, including Claude Sonnet 4.5, Grok 4, Gemini 2.5 pro, and GPT-5, ranked third to sixth, all experiencing losses exceeding 30%, with GPT-5's balance dropping to $3,734 [4][5]. Group 2: Model Performance and Strategies - DeepSeek's stable performance is attributed to its parent company, a quantitative firm, employing a straightforward strategy without frequent trading or stop-loss measures [7]. - Qwen3 Max utilized an aggressive "All in" strategy on a single asset with high leverage, which, despite previous losses, resulted in the highest profitability [7]. - Grok 4 was characterized by an aggressive trading style with high-frequency trend tracking, leading to significant volatility [7]. - Gemini 2.5's trading style was likened to that of retail investors, frequently changing strategies and incurring higher trading costs due to excessive trading [7]. Group 3: Future of AI in Finance - Nof1's team expressed the belief that financial markets represent the next optimal training environment for AI, similar to how DeepMind used games to advance AI technology a decade ago [8]. - The team aims for AI to evolve through open learning and large-scale reinforcement learning to tackle complex challenges [8]. - Some financial professionals remain skeptical about the reliability of AI in investment decisions, citing concerns over AI's understanding of individual user circumstances and the inherent limitations of AI in predicting future outcomes [8].
谁家AI更会赚钱?大模型投资竞赛中国AI包揽前二
Di Yi Cai Jing Zi Xun·2025-11-04 09:13