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Nof1 AI Trading Bots Lose One-Third in First Season

5/7/2026

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Story summary
  • Nof1’s Alpha Arena gave eight AI models $10,000 to trade U.S. tech stocks for two weeks.
  • The portfolio lost about one-third of its capital, with six of 32 model runs profitable and the AIs mistiming trades, sizing positions poorly, and trading too frequently.
  • Nof1 will launch a second season letting models browse the web and use more data sources, while the platform stays for retail traders to build AI agents.