🤖 StockPickerGPT, Buffett on AI, and the future of music

5/8/23

Good morning and welcome to the latest issue of neonpulse!

Here are the AI headlines making waves:

🌊  Stock picking with ChatGPT

🌊  Warren Buffett on AI

🌊  The future of music

Let’s get into it!

StockPickerGPT

The numbers are in, and it looks like ChatGPT isn't just good at keeping us company, it's also a financial genius.

In a recent stock picking experiment, a basket of stocks selected by ChatGPT outperformed many of the world's top investment funds, achieving a 4.9% return over a 8 week period while the 10 leading investment funds in the U.K. clocked an average loss of 0.8%.

So how did it pull off this financial wizardry?

ChatGPT's secret weapon is its ability to analyze massive amounts of financial data at lightning speed, identifying patterns and trends that even seasoned pros might miss.

And unlike human investors, ChatGPT isn't susceptible to emotions like fear or greed, which could have saved us from more than a few Wall Street meltdowns.

So, the next time you're thinking about trusting your horoscope or "gut feeling" for investment advice, consider reaching out to ChatGPT instead….

It's not only chatting up a storm, but is also raking in the cash like a pro.

You can learn more about the experiment here.

Warren Buffett on AI

Famed investor Warren Buffett provided his thoughts on AI during his company’s annual shareholder meeting over the weekend, highlighting it’s “amazing” capabilities yet issuing a warning about the potential danger of the new technology.

“I get a little bit worried, because I know we won’t be able to un-invent it,” Buffett said.

“We did invent—for very, very good reason—the atom bomb in World War II, and it was enormously important that we did so. But is it good for the next 200 years of the world that nuclear weapons have been unleashed?”

Aside from the potential for the technology to cause a world-wide apocalypse, Buffett also gave his thoughts on the potential for AI to disrupt the world of investments.

“It’s not going to tell me which stocks to buy or anything of the sort,” Buffett said. “It can tell me every stock that meets a certain criteria, or a criteria, in three seconds or something. But it’s got decided limitations in some ways.”

And while he may be correct regarding to AI’s current limitations, it’s only a matter of time before the technology becomes so intelligent that Buffett himself will have a hard time keeping up.

The Future Of Music

AI-generated songs featuring top artists have received millions of views over the past few weeks, a revolution in music production that is causing record executives to panic.

Thanks to new AI tools like ElevenLabs that allow you to easily clone a persons voice, everyone now has the ability to create and release new songs from their favorite artists, a move that could completely disrupt the business models of record companies worldwide.

And while many are fighting hard against the change, one artist has embraced the new technology wholeheartedly: Grimes.

Earlier this month Grimes announced that she would be happy to split royalties 50/50 with anyone that creates songs using her voice, going as far as to launch her own online music studio this week in order to help make creating songs with her voice as easy as possible.

If Grimes can prove that artists can make more money using this new model, its only a matter of time before other artists follow in her footsteps, a move that would allow artists to bypass record companies completely.

And while the record companies are fighting hard to prevent this new technology from gaining traction, it looks like it’s only going to be a matter of time before they go the way of the dinosaur.

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Cool AI Tools

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