These days, ChatGPT is the hottest thing. The popular chatbot, which is driven by artificial intelligence, can respond to queries, woo solitary people, and even write sophisticated computer code. A fresh awareness (and dread!) of artificial intelligence in the public consciousness was only brought about by ChatGPT. It seemed as though human intelligence will soon go extinct. Machines would take control and jobs would disappear.
However, when both were asked to choose shares that would be profitable, a dog named Freddy defeated ChatGPT. The shares chosen by ChatGPT generated a profit of 3.5%, while the shares chosen by the dog brought in a staggering profit of 13.5%. The Times covered this investigation.
Eight-year-old dog Freddy made his selection of shares by “gravitating towards treats spread out on slips of paper”
The enjoyable activity, according to reports, was done in Germany. The German publication WirtschaftsWoche has information about the project. If you don’t speak German, don’t worry. Because reading on will provide you with more information. Eight-year-old dog Freddy made his selection of shares by “gravitating towards treats spread out on slips of paper.”
Both Freddy and ChatGPT were requested to choose shares with a notional sum of 19000 euros. Although ChatGPT purportedly offered to put together a “diversified portfolio of stocks [in companies] that demonstrate solid accounts, sales remain profitable and have a high market capitalization,” the company does not offer particular investing advice. The chatbot chose a modestly sized portfolio. Along with strong consumer-focused companies like McDonald’s and Coca-Cola, the portfolio included shares from internet giants like Apple and Amazon. The portfolio yielded a return of 3.5 percent.
Shares from energy, AI, and tech hardware firms were chosen by Freddy. Additionally, the dog picked the premium chipmaker Nvidia. According to reports, the portfolio saw a profit of 13.5%.
Since the 19th century, financial theorists have debated whether stock trading requires specialized knowledge or is merely a question of luck.
According to The Times, in experiments where students and animals were asked to choose stocks by throwing darts at a wall, it was discovered that the shares that were selected’ outperformed those chosen by financial analysts. In the 2000s, the Chicago Sun-Times allegedly employed a monkey as their featured investment columnist. Using a red felt-tip pen, the monkey selected stocks by circling various products. According to The Times, this frequently outperformed financial analysts.