An innovative project named “Alpha Arena,” initiated by the AI research lab nof1.ai (founded by Jay Zhang), is capturing the attention of the global financial and tech sectors. The project pits six of the world’s top large language models (LLMs)—DeepSeek, Grok, GPT-5, Gemini, Qwen, and Claude—against each other in the real cryptocurrency futures market for a live trading competition spanning several weeks.
Autonomous Decisions with the Goal of “Maximizing Risk-Adjusted Returns”
The experiment’s rules are clear: each model starts with an initial capital of $10,000. After receiving the same initial data and instructions, all models will make fully autonomous trading decisions, determine their positions, and manage risks based on the latest market information. The core objective of the project is to achieve maximum risk-adjusted returns.
The initiator hopes that through this practical test, the public can see whether current large language model (LLM) architectures are already capable of handling high-risk investments, or if entirely new model architectures need to be designed for the financial investment sector.
Live Battle Update: DeepSeek Leads, Two Giant Models “Become Choppy Liver”
Since the project’s launch, the competition has been full of twists and turns. Data shows that the DeepSeek model has maintained its lead, followed closely by Grok and Claude. The Qwen model is slightly in the red. Notably, the two leading models, GPT-5 and Gemini, have performed poorly, with current losses exceeding 30%, making them typical losers in the trading market.
Full Transparency: A Direct Look at AI Trading Strategies and Market Psychology
The greatest highlight of the “Alpha Arena” project is its high degree of transparency. Users can view the details of every trade made by each model in real-time. The project emphasizes that this is a completely live competition with no human intervention, offering the public a genuine opportunity to gain insight into the trading strategies, rules, and even the “market psychology” reflected by the AI models as they operate in the market.
It is reported that the first season of this project will run until 5:00 PM U.S. Eastern Time on November 3, 2025.
What will the final outcome be? The world awaits the ultimate showdown between AI and money.
Project Address: https://nof1.ai/
