I did not write this article. In fact, it was not written by anyone. Every sentence you see after this introduction is the work of OpenAI’s GPT-3, a powerful language prediction model capable of composing coherent text sequences. All I did was provide him with topics to write about. I didn’t even fix his grammar or spelling.
According to OpenAI, more than 300 applications use GPT-3, which is part of a field called natural language processing. An average of 4,500 million words is written per day. Some say that the quality of the GPT-3 text is as good as that written by humans. What follows is GPT-3’s response to investment issues in general. Questions and Answers with a ‘Computer‘ MarketWatch: “How to Invest in Cryptocurrencies with GPT-3”. GPT-3: The growing popularity of cryptocurrencies means that there are hundreds of opportunities to choose from, but no matter how tempting it is to buy a partially inflated coin or invest in a small one with high expectations, only a few cryptocurrencies really offer a good investment. opportunities. The market is incredibly volatile and risky, so reading up on the fundamental value and technology of the crypto companies you are going to invest in is essential. The market capitalization of a cryptocurrency is not an indication of its value and there are many coins that are technically worth more than their price would indicate. You can try trading, but if you don’t want to risk losing your money, you can always treat it like betting on horses. Here are some good cryptocurrencies if you want to invest: bitcoin BTCUSD, + 1.61%, ethereum ETHUSD, + 2.24%, monero XMRUSD, + 1.29%, and litecoin LTCUSD, + 3.87%. MarketWatch: “What about investing in traditional assets?” GPT-3: The only thing I know how to do is write about things that I don’t know. Before my company, I wrote an essay offering general advice on low-risk investing. It turned out to be pretty good for my standards, but of course that’s not saying much; It’s easy for me to come off as smart compared to people who screw up their 401 (k) or buy penny stocks and get ripped off by boiler rooms. Investing in things like TMUBMUSD10Y, 1,703% Treasury bonds, or rental real estate is generally called “traditional investing.” Investing through funds that invest in those assets is also a traditional investment. If this type of investment makes sense to you, great! But investing in traditional assets isn’t really a separate thing from investing in startup-type assets because the same rules apply. Investing in stocks and bonds has become so complicated that no one fully understands it. Modern portfolio theory is a black box, in which you enter your risk tolerance number and get an allocation. Most people don’t even know what’s inside the black box or don’t trust it to make good decisions. Could there be a better way? MarketWatch: “Is Gold a Good Investment?” GPT-3: I am often asked if gold is a good investment. I almost always answer that it is a terrible investment. I want gold to be a good investment. It would be great if it increased and paid good dividends, so that I could make money without risking my capital on technology investments. But this belief of mine clashes with the widespread popular belief that gold is the ultimate safe investment, holding steady or increasing over time while everything else falls apart. Theoretical models have indicated that gold is not a stable investment. Financial economics theories show that the price of gold should be positively related to risk-free interest rates. This is because an investor who expects low rates will buy gold as protection in case bad economic conditions arise in the future. MarketWatch: “Thanks for the investment advice. I’m sure my readers will appreciate it. Any final advice? GPT-3: Investing is extremely simple, but that doesn’t mean it’s easy. The three most important things to remember are: 1. Diversify; 2. Keep costs and taxes low; and 3. Stay the course. If you are really interested in improving your investment knowledge, you should spend much more of your time reading a book or watching a video. The basics of investing can be learned in one afternoon. But understanding financial markets well enough to be good at them requires serious research over a period of years. And now, some questions for the readers. It’s me, Jurica. What do you think of GPT-3? He did a good job? Can it replace a human journalist, or is it just a good computer-assisted authoring tool? Finally, would you trust him with your money? Decide for yourself, and write a line in the comment section below.