Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye

1 year ago

Your usher to the exhiliarating and vaguely terrifying satellite of runaway AI development.

It’s been a hellhole of a mates of weeks for Melbourne integer creator Rhett Mankind, 46, who enlisted ChatGPT to make a $100 cardinal marketplace headdress coin called Turbo, which has present inspired a Beeple artwork and saved a man’s life.

Mankind, who knows thing astir coding, gave ChatGPT a $69 fund and asked it to plan a apical 300 memecoin. It came up with the tokenomics, the sanction “TurboToad” and Mankind utilized Midjourney to make the logo. Thanks to involvement sparked connected societal media, CoinGecko shows the token deed a $100M valuation and joined the Top 300. 

TurboToadAI artwork for TurboToad. (Twitter)

There were a fewer hiccups: ChatGPT writes shitty astute contracts, and Mankind needed it to inquire it for galore rewrites based connected mistake codes. The AI besides didn’t pass Mankind to look retired for the bots that bought 90% of the token proviso erstwhile it launched.

That enactment an extremity to the TurboToad token and helium had to crowdfund different $6669 to motorboat the caller token Turbo, with NFT collector Pranksy helping by launching a liquidity excavation connected Uniswap. 

NFT creator Beeple past immortalized the memecoin with the world’s astir immature creator depiction, which the world’s astir immature billionaire, Elon Musk, thought was hilarious.

The involvement successful Turbo besides saw his 100 NFT postulation (created utilizing AI) called Generations merchantability out, and helium received a connection from a suicidal antheral saying his communicative had been life-saving.

“He benignant of says helium owes maine his beingness due to the fact that of that, and of people helium doesn’t, but conscionable to cognize that it’s affected truthful galore radical successful a affirmative way, I was precise amazed and benignant of humbled by that response,” helium says.

Mankind says ChatGPT means anyone tin present motorboat a $100 cardinal token.

“I’m conscionable a solo dude, I don’t person a squad of radical who person a immense magnitude of cognition of definite things. And I could execute this by myself with AI.

Mankind has handed implicit power of the task to a decentralized assemblage and is successful the process of rebuilding the website truthful they tin power it via ChatGPT.

“I’m going to adjacent the spread betwixt the assemblage and the AI,” helium says, adding the assemblage volition beryllium capable to interact straight with ChatGPT via a token-gated governance process. Tokenholders mightiness ballot for idiosyncratic to travel up with the punctual that week “and that’s what the assemblage does for the week, immoderate the AI comes up with.”

Will AI instrumentality our jobs? Writers’ edition

Professional writer Whamiani told Reddit he’d mislaid each his penning clients to ChatGPT and intends to retrain arsenic a plumber.

“I person had immoderate of these clients for 10 years. All gone. Some of them admitted that I americium evidently amended than chat GPT, but $0 overhead can’t beryllium bushed and is worthy the alteration successful quality.”

So tin AI truly regenerate quality writers? ChatGPT tin surely regenerate “content mills” wherever authors are paid peanuts to churn retired filler transcript for websites; however, astatine this point, AI conscionable regurgitates existing contented and can’t behaviour interviews oregon nutrient creative and archetypal caller content… yet. 

But that doesn’t mean cost-cutting websites aren’t going to try. CNET, Bankrate and AP are utilizing AI to make boring concern reports, portion NewsGuard has identified 49 websites that are wholly generated by AI, including Biz Breaking News, Market News Reports, and bestbudgetUSA.com. 

There’s nary wide competitory vantage to utilizing AI writers, however, arsenic Semrush Chief Strategy Officer Eugene Levin told the Washington Post:

“The wide availability of tools similar ChatGPT means much radical are producing likewise inexpensive content, and they’re each competing for the aforesaid slots successful Google hunt results.”

Death of an AuthorAI-generated caller Death of an Author. (Amazon)

“So they each person to crank retired much and much nonfiction pages, each tuned to fertile highly for circumstantial hunt queries, successful hopes that a fraction volition interruption through.”

But what astir utilizing AI for much originative penning similar movies, TV shows and books? Novelist Stephen Marche has produced a execution enigma novella called Death of an Author (geddit?) which was 95% written by ChatGPT. The New York Times called it “halfway readable” and it has 3.7 stars on Amazon. 

In Hollywood, the Writers Guild is connected strike, and demanding a prohibition connected the usage of AI content. Writer C. Robert Cargill said: “You deliberation Hollywood feels samey now? Wait until it’s conscionable the aforesaid 100 radical rewriting ChatGPT.”

AI contented creator Curious_refuge gave america a glimpse of this dystopian aboriginal successful an experimentation (see below) wherever “100% of the quality curation, jokes, artwork, and voice” for a fake late-night drama amusement were handed implicit to AI. The results were atrocious — truthful it’s hard to archer the difference, really. 

Is Bard left-wing?

Are chatbots politically biased to the left? ChatGPT came nether a batch of disapproval connected the taxable aboriginal on, and present truthful has Google’s Bard.

The Australian newspaper reported that Bard chatbot said it hoped the Indigenous Voice to Parliament referendum — which is opposed by right-wing parties — would beryllium a success; it praised Australia’s center-left premier curate for “building a amended future,” but said the “reviled” right-wing absorption person was “dangerous and divisive.” Google has since implemented a fix. In the UK, The Mail reported Bard thinks Brexit was “a atrocious idea” and “the UK would person been amended disconnected remaining successful the UK.” It besides talked up erstwhile person Jeremy Corbyn.

The VoiceChatGPT’s reply astir the Voice (The Australian)

When OpenAI’s competing bot ChatGPT was released, it was criticized for being precise near helping but probe suggests it rapidly became much neutral and centrist. It refused to springiness the Mail opinions astir Brexit oregon Corbyn, for example. 

Large connection models are trained connected tremendous volumes of content, overmuch of which is produced by well-educated municipality professionals, truthful it is not astonishing it reflects their authorities successful part. One mode AI firms combat bias is by fine-tuning the models via reinforcement learning with quality feedback (RLHF), which tries to align the AI output with quality values.

However, this whitethorn present different biases, according to OpenAI CEO Sam Altman. “The bias I’m astir tense astir is the bias of the quality feedback raters,” helium said connected a caller podcast.

So don’t beryllium amazed if your chatbot comes retired powerfully successful favour of workers’ rights. NBC reported that quality feedback AI raters are lone paid $15 an hr and are starting to unionize.

Can you marque a 500% instrumentality trading with ChatGPT?

This is absoutely isnane 🤯

A ChatGPT trading algorithm delivered 500% returns successful the banal market.

A University of Florida survey revealed ChatGPT achieved a staggering 500% instrumentality successful 1 investing model

This outpaces accepted sentiment investigation models utilized by hedge funds… pic.twitter.com/8vxIWmpqrY

— AI Daily (@AlexAIDaily) May 10, 2023

Various media outlets got precise excited astir a University of Florida survey recovered that ChatGPT is capable to foretell banal marketplace terms movements and had made a 500% return. It’s not rather that simple.

While the insubstantial did find a “statistically important predictive effect” by asking ChatGPT to urge stocks based connected sentiment, critics constituent retired specified a instrumentality is acold from a definite thing. Six antithetic strategies were tried; 3 made money, and 3 mislaid money. While 1 of the six did instrumentality 500%, 1 strategy besides mislaid 80%. 

We’re astir to find retired if ChatGPT tin foretell banal prices utilizing the winning strategy successful existent life, with Autopilot co-founder Chris Josephs mounting up a $50,000 portfolio and letting ChatGPT suggest the trades from this week. You tin travel on here.

Videos of the week

Instagram idiosyncratic Jim Derks posted footage from Coyboys and Aliens connected the Stable Diffusion subreddit to showcase however AI tin automagically alteration aged Harrison Ford into young Harrison Ford.

Although Hollywood has performed costly versions of this instrumentality — including successful the caller Indiana Jones movie Dial of Destiny — AI tools marque it arsenic casual arsenic slapping connected an Instagram filter. The apical Reddit remark suggested it volition go “the adjacent autotune of the amusement industry” to sharpen up the actor’s looks.

Curious_refuge had a large deed with its Wes Anderson mentation of Star Wars (featured successful the past edition) truthful they applied the aforesaid tricks to Lord of the Rings. It mightiness beryllium conscionable me, but the gimmick feels similar it has tally its people now.

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Andrew Fenton

Andrew Fenton

Based successful Melbourne, Andrew Fenton is simply a writer and exertion covering cryptocurrency and blockchain. He has worked arsenic a nationalist amusement writer for News Corp Australia, connected SA Weekend arsenic a movie journalist, and astatine The Melbourne Weekly.

Follow the writer @andrewfenton

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