A.I. Check

MeteredOut

ali_bear said:

What happens when you ask ChatGPT "Which horse is most likely to win the 3.30 at Haydock Park?" 

Effectively, it'll predict based on all the data it has in its model (including the web searches it does) and the output will be based on the "average" of all of those. It might even just base the answer on the average odds rather than what people are predicting, but possibly both.

There are people out there who ask AI for stock tips and do invest based on the output. I suspect they make more from the clicks via their social media content creator programmes than they do from their investments though.

But, for those that follow technical analysis rather than fundamentals, I can see AI being a huge time saver.

Cobbler_tone

Or indeed the lottery:

"Statistics do not increase your odds, but they can help you choose numbers rationally rather than emotionally."
I'd imagine some people prefer to be emotional....and have the same odds.

With horse racing you have a form book and odds.

kinger101

BikingBud said:

It's magic!

Perhaps look up confirmation bias.

This.

LLMs are prone to telling you what you want to hear.

kinger101

Cobbler_tone said:

I find it funny when people try and rubbish AI. It is in its early days and if you have average intelligence (and check the output) it is a seriously powerful and impressive tool. People probably said similar at the introduction of the PC. Embrace it, learn to use it and you’ll find you’ll save loads of time. It could also be the tool to help you map your financial future. 

Just don’t watch ‘War Games’ or else you’ll think it is going to cause the end of the world.
We also use it a lot for artistic content ideas, before using more traditional tools to create imagery.

It has its uses but it it tends to present answers with the same confidence whether it's right or wrong.

MeteredOut

kinger101 said:

BikingBud said:

It's magic!

Perhaps look up confirmation bias.

This.

LLMs are prone to telling you what you want to hear.

...unless you tell it otherwise. Which goes back to the previous point - it can be a brilliant tool, but you have to know its limitations and how to use it. Just asking it something and accepting the answer is very risky.

Moonwolf

I’ve just retired from a coding job.

On the one had we used ChatGPT quite a lot for legwork jobs. As I dealt with big data quite a lot of the job was translating old code. So I might ask “Re-write this create table script into a dataframe” just because re- typing and getting the syntax right is more time consuming than difficult and it is trivially easy to check the result.

Likewise I might ask for a unit test for each code block I had written, this is great because the tests aren’t fundamental to the code and are easy to verify by eye or when you run a smoke test but take time.

On the other hand I have seen people make a real mess of building a whole project because they haven’t included a security wrap or big chunks of code don’t work. I would probably say don’t use AI for a whole project or if you can’t code yourself, you probably can use it for a language you don’t know, if you can code in at least a couple of others.

AI is better if you understand what the results should be or you have processes to check them. I think most on here understand enough to use AI as an aid rather than an oracle with all the answers.

westv

kinger101 said:

Cobbler_tone said:

I find it funny when people try and rubbish AI. It is in its early days and if you have average intelligence (and check the output) it is a seriously powerful and impressive tool. People probably said similar at the introduction of the PC. Embrace it, learn to use it and you’ll find you’ll save loads of time. It could also be the tool to help you map your financial future. 

Just don’t watch ‘War Games’ or else you’ll think it is going to cause the end of the world.
We also use it a lot for artistic content ideas, before using more traditional tools to create imagery.

It has it's uses but it it tends to present answers with the same confidence whether it's right or wrong.

I find that whatever question I ask, Gemini tells me it's an "excellent question" or "insightful" or "inspiring" or similar. 

Secret2ndAccount

I asked it to make my NFL predictions for me once, and I came in 4th in a pool of 400

NormalNorman

If RR's wouldn't increase my tax code AI did!

I had a basic knowledge of some possible entitlements but AI made it clearer with instructions.

A welcome jump yesterday as an early Christmas present.

michaels

NormalNorman said:

If RR's wouldn't increase my tax code AI did!

I had a basic knowledge of some possible entitlements but AI made it clearer with instructions.

A welcome jump yesterday as an early Christmas present.

As a result of the market increase how much extra did you get on the shares you sold yesterday?