Hoo boy.
OK, so in my never-ending quest to find out what in the holy hell all the excitement about AI is, I decided to dip the ladle into the waters again, so I went into the ChatGPT store. I tried to think of an interesting topic, so I typed “bitcoin” and, voila, there were a variety of ready-to-use products, the topmost of which had the intriguing product named Bitcoin Price Predictor. Since I’m in the business of predicting future prices of financial instruments, I figured this would be fascinating!
I decided to throw it a softball, so I asked what the price for May 2024 would be. It thought about it for a minute or two and then provided me with this answer. Please read it, because I seriously cannot do it justice. I have tinted and highlighted some parts for emphasis.
So its bullish scenario is that the price will increase. Its bearish scenario is that the price will decrease. And the neutral scenario is that it will be range-bound.
How can I put this? OK, here goes: this is shit. Total, total shit. I have created this completely amazing website. the Slope of Hope, and have to drop to my knees to beg people to use it, and yet the above piece of monkey turds is actually getting worldwide attention.
It’s garbage. Useless. And convinces me more than ever that NVDA is probably one of the greatest shorting opportunities in human history.