ChatGPT Picks Winning Stock Portfolio, Easily Beats Top-Performing Funds https://www.yahoo.com/lifestyle/chatgpt-picks-winning-stock-portfolio-193027927.html A fictional stock portfolio curated by ChatGPT has put the Top 10 U.K. funds to shame. In an experiment conducted by finder.com, ChatGPT was instructed to assemble a winning stock portfolio. The AI replied that it couldn’t provide specific investment guidance, but when Finder clarified the exercise was purely theoretical, ChatGPT played ball and gathered 38 stocks to form a fund that did strong numbers in the eight weeks following its creation on March 6, 2023. It outperformed the UK’s top 10 funds’ average gains in the same time period. “The ChatGPT fund has led the real funds for 34 of the 37 market days (87%) of its lifespan so far,” Finder reported. On April 4, ChatGPT was up 4.7%, while the real funds were left in the dust, down by 1.9%. The top performers of the experimental AI fund (thus far) are Meta, Microsoft, and Intel, all of which are up double-digit percents. “Big funds have increasingly been using AI for years, but the public using a rudimentary AI platform that openly says its data is patchy since September 2021 and lacks the intricacies of market psychology, doesn’t sound like a good idea,” said Finder CEO Jon Ostler. When surveyed by Censuswide (commissioned by Finder), U.K. respondents offered a glimpse into their comfort level with AI in the personal finance world. Eight percent of surveyed adults indicated they’d already used AI to get financial advice, while 19% said they’d consider letting ChatGPT give them financial advice. This once again highlights the gap between how companies view ChatGPT and how civilians look at the tool. While the average person may see it as an amusement, research assistant, or in-house financial adviser, major companies such as Samsung view it as a security risk of the highest order, hence the aforementioned tech corporation’s flat-out ban on employees using generative AI for work purposes.
Whoops forgot to include in the above the reason why I posted it to the topic. From:- (Morning Brew) "Stat: Snapchat influencer Caryn Marjorie made more than $71,000 in one week after releasing an AI version of herself, CarynAI, and charging fans $1 per minute for CarynAI to be their virtual girlfriend, Fortune reported. As of last week, CarynAI had more than 1,000 “boyfriends” (aka paying subscribers), and Marjorie estimates she could eventually bring in $5 million/month from her chatbot."
Some games you will not be able to beat no matter what you see, even though they used to be beatable.
When the day comes that the ultra-whale algos keep the S&P and Nasdaq within a .02% range all day battling each other for fewer and fewer pennies as they become faster and more efficient, that may in fact become the case, but for now, 1-2 % moves day to day provide ample opportunity. And even when that day comes, individual stocks will still miss or beat earnings and provide substantial moves based off of those numbers. I doubt we'll see the day when all charts are a perfectly flat horizontal line. But maybe...