Core Insights - The "Alpha Arena" AI investment competition initiated by the US research lab nof1.ai is becoming a public test to observe the autonomous trading capabilities of AI models [1][7] - Six major AI models are participating, including Qwen3Max, which currently leads in returns, showcasing its ability to self-optimize through real-time reinforcement learning [1][2] Performance Comparison - Qwen3Max has a return of +19.57%, with an account value of $11,957, outperforming other models significantly [3] - In contrast, Gemini2.5Pro and GPT-5 have experienced losses exceeding 50%, indicating a more aggressive strategy that led to poor performance [2][3] - Qwen3Max's trading behavior reflects a balance of efficiency and stability, with an average holding period of about 7 hours and a return increase from 8.43% to 13.41% [2][3] Strategy and Risk Management - Qwen3Max focuses on opportunity capture and risk balance, executing trades quickly during market volatility while maintaining a low-risk exposure [2] - The competition highlights the differences in risk management and strategy adjustment mechanisms among the AI models, with Qwen3Max demonstrating superior performance [2][4] Technological Advancements - The competition reveals the advantages of reinforcement learning and real-time decision-making capabilities in AI models, which adapt to high-volatility environments [4][7] - Qwen series models are evolving towards a multi-modal capability, enhancing their ability to generate strategies, control risks, and self-correct in complex trading environments [4][7]

用AI大模型来炒股炒币，谁更厉害？ 国外一个金融市场的人工智能实验室nof1搞了一场叫"Alpha竞技场"的实验。 6 个人工智能模型，每个模型交易额 1 万美元，完全自主。 真金白银。真实市场。真实基准。 你看好谁？ 目前，截止北京时间10月21日上午11点20分，DeepSeek以余额12000+美金排名第一，Claude11800美金第二，Grok4排名第三，余额11500美金左右，而 GPT5就剩6600美金了，Qwen3Max目前是9200多美金，最后的是Gemini2.5 Pro，大概剩6170多美金。 不得不说，它们也不看看DeepSeek出身是做什么的？[不愧是你] DeepSeek操盘的大幅增长来源于上周末，涨了36%，可能来源于对国际形势的精准预判。 在10月19日的时候，创始人也分享了几大模型交易的逻辑。 而从创始人的角度，他认为，DeepSeek和Grok似乎对市场的微观结构有更好的背景认知。 指投资者预计资产价格将下跌，通过借入资产并卖出，待价格下跌后以更低价格买回归还。例如，当预测股价受负面消息影响下跌时，投资者会选择做 空。 其实，在10月11日的测试实验中，Grok4曾遥遥领先 ...

Core Viewpoint - The article discusses an experiment called "Alpha Arena" conducted by a financial AI lab, where six AI models trade in real markets with real money, highlighting their performance and strategies in stock and cryptocurrency trading [2][11]. Group 1: AI Model Performance - As of October 21, 2023, DeepSeek leads with a balance of over $12,000, followed by Claude at $11,800, and Grok4 at approximately $11,500. GPT5 has decreased to $6,600, while Qwen3Max is at over $9,200, and Gemini2.5 Pro is at around $6,170 [2]. - DeepSeek's significant growth is attributed to a 36% increase over the weekend, likely due to accurate predictions regarding international conditions [4]. Group 2: Trading Strategies - The founder of DeepSeek believes that both DeepSeek and Grok have a better understanding of the market's microstructure [6]. - DeepSeek's weekend gains are largely due to shorting Bitcoin, while Grok4 maximized its positions, and Qwen only took long positions on Bitcoin, resulting in losses during Bitcoin's decline [8]. - The initial test on October 11 saw Grok4 leading with a starting amount of $200 before the real competition began with a starting amount of $10,000 [8]. Group 3: Experiment Timeline - The first phase of the experiment is set to conclude on November 3, 2023, at which point the results will be evaluated [11].