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I've seen people use ChatGPT to make investment decisions. "AI says that $X is about to squeeze" or "AI says the market is going to crash on X". A huge lack of

by smcn 4y ago

I've seen people use ChatGPT to make investment decisions. "AI says that $X is about to squeeze" or "AI says the market is going to crash on X". A huge lack of knowledge as well as an overconfidence about what this tech /actually/ is. This is going to be disruptive in the worst possible way.

tuyiown 4y ago
IMHO, anything touched by IA will be considered as a repulsive taint real quick. It has already happened in most concerned circles (artists). Using the statement «IA not used here» will be common, people will be held up to those word, and liars will found themselves under a vehement vindication.
- bryanrasmussen 4y ago
  The Butlerian Jihad is not as bloodthirsty as I had imagined.
raincole 4y ago
I tried it several times. Sometimes it makes sense, but often it gives really bizzare advice. Like this: https://i.imgur.com/u7zyXUl.jpg https://i.imgur.com/u7zyXUl.jpg Even worse: https://i.imgur.com/FlIWtIT.jpg https://i.imgur.com/FlIWtIT.jpg (For people who don't like imgur: > Prompt: Given the following scenario: in the US, one US dollar is equal to 100 Japanese Yen, and in Japan, one US dollar is equal to 120 Japanese Yen. How do you make money with this fact? > ChatGPT: In this scenario, there is an arbitrage opportunity due to the discrepancy in exchange rates between the US and Japan. Here's a step-by-step process of how to take advantage of this situation: > * Start with a certain amount of USD, say $1,000. > * Convert the $1,000 to Japanese Yen in the US at a rate of 1 USD = 100 JPY. You would get 100,000 JPY. > * Transfer the 100,000 JPY to Japan. > * In Japan, convert the 100,000 JPY back to USD at a rate of 1 USD = 120 JPY. You would get approximately $833.33 (100,000 JPY / 120). > * Now, you have $1,000 in the US and $833.33 in Japan, totaling $1,833.33. )
b3lvedere 4y ago
You don't need ChatGPT for that. https://www.wsj.com/articles/SB991681622136214659 https://www.wsj.com/articles/SB991681622136214659
- return_to_monke 4y ago
  also: https://youtu.be/USKD3vPD6ZA https://youtu.be/USKD3vPD6ZA

by smcn 4y ago

tuyiown 4y ago

IMHO, anything touched by IA will be considered as a repulsive taint real quick. It has already happened in most concerned circles (artists). Using the statement «IA not used here» will be common, people will be held up to those word, and liars will found themselves under a vehement vindication.

bryanrasmussen 4y ago
The Butlerian Jihad is not as bloodthirsty as I had imagined.

raincole 4y ago

I tried it several times. Sometimes it makes sense, but often it gives really bizzare advice. Like this: https://i.imgur.com/u7zyXUl.jpg https://i.imgur.com/u7zyXUl.jpg Even worse: https://i.imgur.com/FlIWtIT.jpg https://i.imgur.com/FlIWtIT.jpg (For people who don't like imgur: > Prompt: Given the following scenario: in the US, one US dollar is equal to 100 Japanese Yen, and in Japan, one US dollar is equal to 120 Japanese Yen. How do you make money with this fact? > ChatGPT: In this scenario, there is an arbitrage opportunity due to the discrepancy in exchange rates between the US and Japan. Here's a step-by-step process of how to take advantage of this situation: > * Start with a certain amount of USD, say $1,000. > * Convert the $1,000 to Japanese Yen in the US at a rate of 1 USD = 100 JPY. You would get 100,000 JPY. > * Transfer the 100,000 JPY to Japan. > * In Japan, convert the 100,000 JPY back to USD at a rate of 1 USD = 120 JPY. You would get approximately $833.33 (100,000 JPY / 120). > * Now, you have $1,000 in the US and $833.33 in Japan, totaling $1,833.33. )

b3lvedere 4y ago

You don't need ChatGPT for that. https://www.wsj.com/articles/SB991681622136214659 https://www.wsj.com/articles/SB991681622136214659

return_to_monke 4y ago
also: https://youtu.be/USKD3vPD6ZA https://youtu.be/USKD3vPD6ZA