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

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Your information to the exhiliarating and vaguely terrifying world of runaway AI improvement.

It’s been a hell of a few weeks for Melbourne digital artist Rhett Mankind, 46, who enlisted ChatGPT to create a $100 million market cap coin referred to as Turbo, which has now impressed a Beeple paintings and saved a person’s life.

Mankind, who is aware of nothing about coding, gave ChatGPT a $69 funds and requested it to design a high 300 memecoin. It got here up with the tokenomics, the title “TurboToad” and Mankind used Midjourney to create the brand. Due to curiosity sparked on social media, CoinGecko reveals the token hit a $100M valuation and joined the Prime 300. 

AI paintings for TurboToad. (Twitter)

There have been a couple of hiccups: ChatGPT writes shitty sensible contracts, and Mankind wanted it to ask it for quite a few rewrites primarily based on error codes. The AI additionally didn’t warn Mankind to look out for the bots that purchased 90% of the token provide when it launched.

That put an finish to the TurboToad token and he needed to crowdfund one other $6669 to launch the brand new token Turbo, with NFT collector Pranksy serving to by launching a liquidity pool on Uniswap. 

NFT artist Beeple then immortalized the memecoin with the world’s most immature inventive depiction, which the world’s most immature billionaire, Elon Musk, thought was hilarious.

The curiosity in Turbo additionally noticed his 100 NFT assortment (created utilizing AI) referred to as Generations promote out, and he acquired a message from a suicidal man saying his story had been life-saving.

“He kind of says he owes me his life due to that, and naturally he doesn’t, however simply to know that it’s affected so many individuals in a constructive method, I used to be very shocked and kind of humbled by that response,” he says.

Mankind says ChatGPT means anybody can now launch a $100 million token.

“I’m only a solo dude, I don’t have a workforce of people that have an enormous quantity of data of sure issues. And I might obtain this on my own with AI.

Mankind has handed over management of the venture to a decentralized neighborhood and is within the technique of rebuilding the web site to allow them to management it through ChatGPT.

“I’m going to shut the hole between the neighborhood and the AI,” he says, including the neighborhood will be capable of work together instantly with ChatGPT through a token-gated governance course of. Tokenholders may vote for somebody to give you the immediate that week “and that’s what the neighborhood does for the week, regardless of the AI comes up with.”

Will AI take our jobs? Writers’ version

Skilled author Whamiani instructed Reddit he’d misplaced all his writing purchasers to ChatGPT and intends to retrain as a plumber.

“I’ve had a few of these purchasers for 10 years. All gone. A few of them admitted that I’m clearly higher than chat GPT, however $0 overhead can’t be beat and is definitely worth the lower in high quality.”

So can AI actually substitute human writers? ChatGPT can definitely substitute “content material mills” the place authors are paid peanuts to churn out filler copy for web sites; nonetheless, at this level, AI simply regurgitates current content material and might’t conduct interviews or produce inventive and authentic new content material… but. 

However that doesn’t imply cost-cutting web sites aren’t going to attempt. CNET, Bankrate and AP are utilizing AI to generate boring finance experiences, whereas NewsGuard has recognized 49 web sites which can be wholly generated by AI, together with Biz Breaking Information, Market Information Studies, and 

There’s no clear aggressive benefit to utilizing AI writers, nonetheless, as Semrush Chief Technique Officer Eugene Levin instructed the Washington Submit:

“The broad availability of instruments like ChatGPT means extra individuals are producing equally low-cost content material, and so they’re all competing for a similar slots in Google search outcomes.”

Death of an Author
AI-generated novel Dying of an Writer. (Amazon)

“So all of them must crank out increasingly more article pages, every tuned to rank extremely for particular search queries, in hopes {that a} fraction will break via.”

However what about utilizing AI for extra inventive writing like motion pictures, TV reveals and books? Novelist Stephen Marche has produced a homicide thriller novella referred to as Dying of an Writer (geddit?) which was 95% written by ChatGPT. The New York Occasions referred to as it “midway readable” and it has 3.7 stars on Amazon. 

In Hollywood, the Writers Guild is on strike, and demanding a ban on the usage of AI content material. Author C. Robert Cargill mentioned: “You assume Hollywood feels samey now? Wait till it’s simply the identical 100 individuals rewriting ChatGPT.”

AI content material creator Curious_refuge gave us a glimpse of this dystopian future in an experiment (see beneath) the place “100% of the information curation, jokes, paintings, and voice” for a faux late-night comedy present have been handed over to AI. The outcomes have been terrible — so it’s laborious to inform the distinction, actually. 

Is Bard left-wing?

Are chatbots politically biased to the left? ChatGPT got here below loads of criticism on the topic early on, and now so has Google’s Bard.

The Australian newspaper reported that Bard chatbot mentioned it hoped the Indigenous Voice to Parliament referendum — which is opposed by right-wing events — could be successful; it praised Australia’s center-left prime minister for “constructing a greater future,” however mentioned the “reviled” right-wing opposition chief was “harmful and divisive.” Google has since carried out a repair. Within the UK, The Mail reported Bard thinks Brexit was “a nasty concept” and “the UK would have been higher off remaining within the UK.” It additionally talked up former chief Jeremy Corbyn.

The Voice
ChatGPT’s reply concerning the Voice (The Australian)

When OpenAI’s competing bot ChatGPT was launched, it was criticized for being very left wing however analysis suggests it rapidly turned extra impartial and centrist. It refused to present the Mail opinions about Brexit or Corbyn, for instance. 

Massive language fashions are educated on monumental volumes of content material, a lot of which is produced by well-educated city professionals, so it’s not stunning it displays their politics partly. A technique AI companies fight bias is by fine-tuning the fashions through reinforcement studying with human suggestions (RLHF), which tries to align the AI output with human values.

Nonetheless, this may increasingly introduce different biases, based on OpenAI CEO Sam Altman. “The bias I’m most nervous about is the bias of the human suggestions raters,” he mentioned on a latest podcast.

So don’t be shocked in case your chatbot comes out strongly in favor of employees’ rights. NBC reported that human suggestions AI raters are solely paid $15 an hour and are beginning to unionize.

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Are you able to make a 500% return buying and selling with ChatGPT?

Varied media retailers obtained very excited a couple of College of Florida examine discovered that ChatGPT is ready to predict inventory market worth actions and had made a 500% return. It’s not fairly that straightforward.

Whereas the paper did discover a “statistically vital predictive impact” by asking ChatGPT to advocate shares primarily based on sentiment, critics level out such a return is way from a positive factor. Six totally different methods have been tried; three made cash, and three misplaced cash. Whereas one of many six did return 500%, one technique additionally misplaced 80%. 

We’re about to search out out if ChatGPT can predict inventory costs utilizing the profitable technique in actual life, with Autopilot co-founder Chris Josephs establishing a $50,000 portfolio and letting ChatGPT counsel the trades from this week. You may comply with alongside right here.

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Movies of the week

Instagram consumer Jim Derks posted footage from Coyboys and Aliens on the Steady Diffusion subreddit to showcase how AI can automagically remodel previous Harrison Ford into younger Harrison Ford.

Though Hollywood has carried out costly variations of this trick — together with within the new Indiana Jones film Dial of Future — AI instruments make it as straightforward as slapping on an Instagram filter. The highest Reddit remark urged it’ll change into “the following autotune of the leisure business” to sharpen up the actor’s appears.

Curious_refuge had an enormous hit with its Wes Anderson model of Star Wars (featured within the final version) in order that they utilized the identical methods to Lord of the Rings. It is perhaps simply me, however the gimmick feels prefer it has run its course now.

Andrew Fenton

Andrew Fenton

Primarily based in Melbourne, Andrew Fenton is a journalist and editor overlaying cryptocurrency and blockchain. He has labored as a nationwide leisure author for Information Corp Australia, on SA Weekend as a movie journalist, and at The Melbourne Weekly.

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