AI is striking fear in the hearts of managers & employees. We decided to test things out…
- As Zillow’s management recently reported: “Interestingly and unexpectedly during the quarter, we have felt the first tremor of what we believe to be a coming earthquake in the broader technology landscape with the introduction of OpenAI’s ChatGPT. We believe the arrival of conversational, generative AI may well be a platform shift on par with the introduction of the graphical user interface or the touch interface on the first smartphones.”
- This suggests that AI has the potential to replace traditional Internet search engines. But can AI grow to rule mankind? According to our thinking, AI would have to be able to predict stock market moves before we would be willing to hand over the keys of the kingdom.
- To that end, we asked ChatGPT (Chat Generative Pre-Trained Transformer for those wondering what this esoteric name stands for) what the stock market will do next week & here is our response:
- It seems that even ChatGPT would agree that there is no way a man-made computer program can predict the future. However, this is not to say that AI cannot become infallible as an investment guru. For that to happen, we would have to collectively agree to allow a new AI program that we are currently developing (ChatSGH or Chat Stock Generative Hoodwinker) to determine the fair value of every stock & market. Then all would be forced to agree that no human can approach ChatSGH’s sentient stock picking prowess!