{"id":79645,"date":"2026-05-08T16:55:13","date_gmt":"2026-05-08T16:55:13","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/79645\/"},"modified":"2026-05-08T16:55:13","modified_gmt":"2026-05-08T16:55:13","slug":"umela-inteligence-pri-obchodovani-na-burzach-propadla-prodelala-tretinu-penez","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/79645\/","title":{"rendered":"Um\u011bl\u00e1 inteligence p\u0159i obchodov\u00e1n\u00ed na burz\u00e1ch propadla. Prod\u011blala t\u0159etinu pen\u011bz"},"content":{"rendered":"

Zat\u00edmco softwarov\u00e9 firmy, finan\u010dn\u00ed poradci i\u00a0realitn\u011b poradensk\u00e9 firmy za\u017eily za\u010d\u00e1tkem leto\u0161n\u00edho roku dramatick\u00e9 propady<\/a> kv\u016fli strachu z\u00a0dopad\u016f um\u011bl\u00e9 inteligence, spr\u00e1vci fond\u016f mohou b\u00fdt zat\u00edm v\u00a0klidu. Um\u011bl\u00e1 inteligence<\/a> je nenahrad\u00ed.<\/p>\n

Ukazuj\u00ed to ve\u0159ejn\u00e9 experimenty, jejich\u017e v\u00fdsledek je pro modely AI nelichotiv\u00fd. V\u011bt\u0161ina syst\u00e9m\u016f toti\u017e prod\u011bl\u00e1v\u00e1 pen\u00edze. Tr\u00e1p\u00ed je nav\u00edc \u0159ada ne\u0161var\u016f, mezi n\u011b\u017e pat\u0159\u00ed to, \u017ee prov\u00e1d\u00ed p\u0159\u00edli\u0161 mnoho obchod\u016f a\u00a0i p\u0159i stejn\u00e9m zad\u00e1n\u00ed d\u011blaj\u00ed naprosto odli\u0161n\u00e1 rozhodnut\u00ed. A\u00a0nikdo zat\u00edm nev\u00ed, zda tyto nedostatky zmiz\u00ed s\u00a0v\u00fdkonn\u011bj\u0161\u00edmi verzemi\u00a0– nebo zda odhaluj\u00ed z\u00e1sadn\u00ed nedostatky mezi velk\u00fdmi jazykov\u00fdmi modely a\u00a0t\u00edm, jak trhy ve skute\u010dnosti opravdu funguj\u00ed.<\/p>\n

AI nedok\u00e1\u017ee vyd\u011bl\u00e1vat na burz\u00e1ch<\/p>\n

\u201ePredikovat d\u011bn\u00ed na trz\u00edch je v\u00a0sou\u010dasnosti t\u011b\u017ekou discipl\u00ednou, co\u017e potvrzuj\u00ed i\u00a0ned\u00e1vn\u00e1 testov\u00e1n\u00ed velk\u00fdch jazykov\u00fdch model\u016f,\u201c l\u00ed\u010d\u00ed Tom\u00e1\u0161 Maxa, analytik makl\u00e9\u0159sk\u00e9 spole\u010dnosti XTB. Konkr\u00e9tn\u011b startup Nof1\u00a0vybral osm hlavn\u00edch AI model\u016f v\u010detn\u011b syst\u00e9mu Claude od spole\u010dnosti Anthropic<\/a>, Gemini od internetov\u00e9ho kolosu Google, ChatGPT spole\u010dnosti OpenAI<\/a> a\u00a0syst\u00e9m Grok nejbohat\u0161\u00edho \u010dlov\u011bka planety Elona Muska<\/a>. Tyto z\u00e1vodn\u00edky nechal Alpha Arena mezi sebou sout\u011b\u017eit ve \u010dty\u0159ech discipl\u00edn\u00e1ch.<\/p>\n

Ka\u017ed\u00fd ze syst\u00e9m\u016f um\u011bl\u00e9 inteligence m\u011bl na ka\u017edou discipl\u00ednu deset tis\u00edc dolar\u016f a\u00a0n\u00e1sledn\u011b byl na dva t\u00fddny vypu\u0161t\u011bn na trh s\u00a0americk\u00fdmi technologick\u00fdmi akciemi. \u00dakoly zahrnovaly obchodov\u00e1n\u00ed na z\u00e1klad\u011b r\u016fzn\u00fdch sign\u00e1l\u016f, defenzivn\u00ed p\u0159\u00edstup, reakci na konkurenci a\u00a0vyu\u017eit\u00ed vysok\u00e9ho \u00fav\u011bru p\u0159i obchodov\u00e1n\u00ed.<\/p>\n

<\/a><\/p>\n

Celkov\u00fd v\u00fdsledek byl tristn\u00ed a\u00a0um\u011bl\u00e1 inteligence prod\u011blala zhruba t\u0159etinu sv\u00e9ho kapit\u00e1lu. Z\u00a0celkov\u00fdch 32\u00a0v\u00fdsledk\u016f jen \u0161est skon\u010dilo b\u011bhem sout\u011b\u017ee v\u00a0zisku. Nejlep\u0161\u00edho zhodnocen\u00ed dos\u00e1hl model Grok 4.20\u00a0v\u00a0discipl\u00edn\u011b, kdy reagoval na v\u00fdkonnost konkurent\u016f. Provedl p\u0159itom jen 158\u00a0obchod\u016f, p\u0159i\u010dem\u017e model Qwen od \u010d\u00ednsk\u00e9 spole\u010dnosti Alibaba<\/a> jich realizoval 1418.<\/p>\n

\u201eVelk\u00e9 jazykov\u00e9 modely samy o\u00a0sob\u011b nedok\u00e1\u017eou vyd\u011bl\u00e1vat pen\u00edze,\u201c komentoval v\u00fdsledky zakladatel spole\u010dnosti Nof1\u00a0Jay Azhang a\u00a0dodal: \u201eAby m\u011bly v\u016fbec \u0161anci usp\u011bt, pot\u0159ebujete v\u00a0podstat\u011b velmi sofistikovan\u00e9 rozhran\u00ed, podp\u016frnou strukturu a\u00a0datovou platformu.\u201c<\/p>\n

Ani dal\u0161\u00ed experti si nemysl\u00ed, \u017ee by zat\u00edm mohly b\u00fdt modely um\u011bl\u00e9 inteligence vyu\u017eity p\u0159i investov\u00e1n\u00ed. \u201eJsou skv\u011bl\u00e9 na jasn\u011b definovan\u00e9 \u00fakoly, u\u00a0nich\u017e se pohybuj\u00ed v\u00a0zadan\u00fdch mantinelech, jako je nap\u0159\u00edklad k\u00f3dov\u00e1n\u00ed nebo generov\u00e1n\u00ed textu pro reporty. Av\u0161ak z\u00e1kladem pro \u00fasp\u011b\u0161n\u00e9 investov\u00e1n\u00ed je p\u0159edstavivost a\u00a0tvo\u0159ivost,\u201c uv\u00e1d\u00ed J\u00e1n Hladk\u00fd, portfolio mana\u017eer J&T investi\u010dn\u00ed spole\u010dnosti. <\/p>\n

P\u0159\u00edkladem podle n\u011bj je, \u017ee modely nap\u0159\u00edklad vid\u00ed jen sou\u010dasn\u00e9 vysok\u00e9 valua\u010dn\u00ed n\u00e1sobky akci\u00ed. \u201eAle zat\u00edm jen kreativn\u00ed lidsk\u00fd mozek se dok\u00e1\u017ee pod\u00edvat do roku 2027\u00a0a\u00a02028\u00a0a\u00a0zodpov\u011bd\u011bt si ot\u00e1zku, zda maj\u00ed fundament\u00e1ln\u00ed d\u016fvod a\u00a0taky zda m\u016f\u017eou b\u00fdt je\u0161t\u011b vy\u0161\u0161\u00ed,\u201c dopl\u0148uje Hladk\u00fd.<\/p>\n

Alpha Arena je jedn\u00edm z\u00a0rostouc\u00edho po\u010dtu experiment\u016f, kter\u00e9 testuj\u00ed, zda jsou modely schopn\u00e9 zvl\u00e1dnout nejt\u011b\u017e\u0161\u00ed \u00fakol ve financ\u00edch: porazit trh. Je v\u0161ak nutn\u00e9 podotknout, \u017ee tyto experimenty nespl\u0148uj\u00ed klasick\u00e9 akademick\u00e9 n\u00e1roky na experimenty. Nicm\u00e9n\u011b p\u0159edstavuj\u00ed dosud nejviditeln\u011bj\u0161\u00ed uk\u00e1zku, jak modely dopadnou, kdy\u017e se pokus\u00ed p\u0159evz\u00edt n\u011bkter\u00e9 z\u00a0nejlukrativn\u011bj\u0161\u00edch a\u00a0nejrizikov\u011bj\u0161\u00edch obchod\u016f na Wall Street.<\/p>\n

Finan\u010dn\u00ed sektor ale zat\u00edm necht\u011bl pustit um\u011blou inteligenci do obchodov\u00e1n\u00ed, p\u0159esto\u017ee nejv\u011bt\u0161\u00ed firmy z\u00a0oboru jako banka JPMorgan Chase & Co.<\/a> nebo nap\u0159\u00edklad Balyasny Asset Management ji vyu\u017e\u00edvaj\u00ed t\u00e9m\u011b\u0159 ve v\u0161ech dal\u0161\u00edch oblastech. Modely tak p\u0159ipravuj\u00ed informa\u010dn\u00ed memoranda v\u00a0hedgeov\u00fdch fondech, odhaluj\u00ed podvody v\u00a0bankovn\u00edch domech nebo nap\u0159\u00edklad hodnot\u00ed analytick\u00e9 zpr\u00e1vy. <\/p>\n

\u201eV sou\u010dasnosti je nejv\u011bt\u0161\u00ed v\u00fdhoda um\u011bl\u00e9 inteligence spojena s\u00a0prac\u00ed s\u00a0daty. Um\u011bl\u00e1 inteligence m\u016f\u017ee velmi rychle proj\u00edt nejz\u00e1sadn\u011bj\u0161\u00ed data a\u00a0vyp\u00edchnout nejd\u016fle\u017eit\u011bj\u0161\u00ed faktory nap\u0159\u00edklad z\u00a0kvart\u00e1ln\u00edch report\u016f, co\u017e m\u016f\u017ee usnadnit investi\u010dn\u00ed rozhodov\u00e1n\u00ed,\u201c \u0159\u00edk\u00e1 Maxa.<\/p>\n

Um\u011bl\u00e1 inteligence je jako lidsk\u00fd analytik<\/p>\n

Podle Azhanga jsou tak modely dobr\u00e9 pro anal\u00fdzy a\u00a0v hled\u00e1n\u00ed a\u00a0nasazov\u00e1n\u00ed spr\u00e1vn\u00fdch n\u00e1stroj\u016f pro konkr\u00e9tn\u00ed \u00fakoly. Zat\u00edm v\u0161ak podle n\u011bj nev\u011bd\u00ed, jak velk\u00fd v\u00fdznam m\u00e1 ve skute\u010dnosti ka\u017ed\u00e1 z\u00a0mnoha prom\u011bnn\u00fdch, kter\u00e9 ovliv\u0148uj\u00ed v\u00fdvoj akci\u00ed\u00a0\u2013 v\u010detn\u011b faktor\u016f jako jsou hodnocen\u00ed analytik\u016f, transakce managementu firem nebo nap\u0159\u00edklad zm\u011bna n\u00e1lady na trhu. Maj\u00ed proto tendenci \u0161patn\u011b na\u010dasovat sv\u00e9 obchody, nespr\u00e1vn\u011b volit velikost investice nebo p\u0159\u00edli\u0161 \u010dasto nakupovat a\u00a0prod\u00e1vat.<\/p>\n

<\/a><\/p>\n

Syst\u00e9my AI pak d\u011blaj\u00ed velmi odli\u0161n\u00e1 rozhodnut\u00ed p\u0159i naprosto identick\u00fdch pokynech, co\u017e m\u00e1 velk\u00e9 d\u016fsledky pro ka\u017edou firmu, kter\u00e1 je nasazuje. Nap\u0159\u00edklad Azhang uvedl, \u017ee v\u00a0posledn\u00edm b\u011bhu Alpha Arena cht\u011bl Claude j\u00edt v\u011bt\u0161inou do dlouhodob\u00fdch investic, Gemini nem\u011bl probl\u00e9m spekulovat na propad cen aktiv a\u00a0Qwen byl ochoten podstupovat rizika s\u00a0velkou p\u00e1kou.<\/p>\n

\u201eMaj\u00ed osobnosti, kter\u00e9 mus\u00edte \u0159\u00eddit t\u00e9m\u011b\u0159 jako lidsk\u00e9ho analytika,\u201c sd\u011blil agentu\u0159e Bloomberg Doug Clinton, kter\u00fd vede spole\u010dnost Intelligent Alpha, kter\u00e1 m\u00e1 fond \u0159\u00edzen\u00fd um\u011blou inteligenc\u00ed. Firma pak publikuje vlastn\u00ed ukazatel toho, jak dob\u0159e AI p\u0159edpov\u00edd\u00e1 firemn\u00ed zisky.<\/p>\n","protected":false},"excerpt":{"rendered":"Zat\u00edmco softwarov\u00e9 firmy, finan\u010dn\u00ed poradci i\u00a0realitn\u011b poradensk\u00e9 firmy za\u017eily za\u010d\u00e1tkem leto\u0161n\u00edho roku dramatick\u00e9 propady kv\u016fli strachu z\u00a0dopad\u016f um\u011bl\u00e9…\n","protected":false},"author":2,"featured_media":56679,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[22857,5857,623,67,68,461,643,465,126],"class_list":{"0":"post-79645","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-alibaba","9":"tag-anthropic","10":"tag-burza","11":"tag-business","12":"tag-byznys","13":"tag-elon-musk","14":"tag-new-york-stock-exchange-nyse","15":"tag-openai","16":"tag-umela-inteligence-ai"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116540009615420075","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/79645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=79645"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/79645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/56679"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=79645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=79645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=79645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}