Artificial intelligence (AI) tools increasingly occupy a larger part of people’s daily lives. From working as co-pilots on multiple tasks to helping identify problems of different natures, these are the most frequent functions. Recently, ChatGPT successfully invested in cryptocurrencies and stocks, which means they are also good for finances.
The NewsBTC site carried out an experiment in which it dedicated $20,000 to invest in cryptocurrencies and stocks with the advice of AI. This initiative was carried out in 2023 and offered surprising results, with profits of almost $2,000 dollars within a period of one month.
The ability to analyze data by these tools consolidates them as potential sources of returns for people. In the experiment, the AI made huge returns in digital currencies with more than 130%, according to the experiment results. Meanwhile, the asset that offered the highest returns was SOL, Solana’s native token.
In this way, AI confirms that its capabilities go far beyond what is generally assumed. A key element of these qualities of advanced language model technology is that they are only in their early stages of development.
ChatGPT is capable of generating great returns with cryptocurrencies
Of the $1,946 that ChatGPT generated in returns from the $20K it invested, cryptocurrencies took up $1,359, while the return on stocks was $587. With this you can get an idea of the appreciation capacity of these digital assets.
But the important point in this development has to do with the ability of AI to identify potential sources of profit. According to what was expressed by the media, the bot only needed a short training period.
After this, he was able to advise the investing party on how to distribute the funds between different assets. Basically, it guided the proportional amount of investment according to the upside potential presented by the selected cryptos or stocks.
This implies that AI requires relatively short training periods that allow it to have the same (or a higher) level of reasoning compared to expert traders. Those in charge of the experiment maintain that they were not oblivious to Solana’s potential, but they were not convinced that it would surpass BTC by so much. However, ChatGPT was aware.
With this data on the table, one can be certain that AI technology is preparing to take over the financial world. The possibility of canceling human errors would considerably improve the efficiency of these processes.
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