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

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 known as Turbo, which has now impressed a Beeple art work 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 identify “TurboToad” and Mankind used Midjourney to create the brand. Because of curiosity sparked on social media, CoinGecko reveals the token hit a $100M valuation and joined the Prime 300. 

AI art work for TurboToad. (Twitter)

There have been a number of hiccups: ChatGPT writes shitty good contracts, and Mankind wanted it to ask it for quite a few rewrites based mostly 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) known as Generations promote out, and he obtained a message from a suicidal man saying his story had been life-saving.

“He form 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 optimistic method, I used to be very stunned and form 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 staff of people that have an enormous quantity of data of sure issues. And I may obtain this on my own with AI.

Mankind has handed over management of the undertaking to a decentralized group and is within the strategy of rebuilding the web site to allow them to management it by way of ChatGPT.

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

Will AI take our jobs? Writers’ version

Skilled author Whamiani informed 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 may’t conduct interviews or produce inventive and unique new content material… but. 

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

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

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

Death of an Author
AI-generated novel Loss of life of an Creator. (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 by means of.”

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 known as Loss of life of an Creator (geddit?) which was 95% written by ChatGPT. The New York Occasions known 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 using AI content material. Author C. Robert Cargill stated: “You suppose 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, art work, and voice” for a faux late-night comedy present have been handed over to AI. The outcomes have been terrible — so it’s exhausting to inform the distinction, actually. 

Is Bard left-wing?

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

The Australian newspaper reported that Bard chatbot stated 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 stated 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 in regards to the Voice (The Australian)

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

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

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

So don’t be stunned 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 shops received 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 easy.

Whereas the paper did discover a “statistically vital predictive impact” by asking ChatGPT to advocate shares based mostly on sentiment, critics level out such a return is way from a positive factor. Six completely 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 successful 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 person Jim Derks posted footage from Coyboys and Aliens on the Secure Diffusion subreddit to showcase how AI can automagically rework outdated 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 simple as slapping on an Instagram filter. The highest Reddit remark recommended it’s going to grow to be “the subsequent autotune of the leisure trade” to sharpen up the actor’s seems to be.

Curious_refuge had a giant hit with its Wes Anderson model of Star Wars (featured within the final version) in order that they utilized the identical tips to Lord of the Rings. It is likely to be 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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