ChatGPT's Massive Milestone (what comes next?)
By Adam O'Dell
Chief Investment Strategist, Money & Markets
Banyan Nation,
Just two years ago, AI was little more than a vague idea to most of us…
We were familiar with the concept of an artificial intelligence.
But our knowledge was largely based on media and science fiction, specifically movies like The Terminator, Blade Runner, and The Matrix.
It wasn’t until two years ago that the world met its first real AI.
Launched on November 30, 2022, ChatGPT is a “large language model” AI (LLM for short). LLMs compile massive amounts of text data and use methods like deep learning to generate human-sounding responses.
Ask ChatGPT a question, and you’ll get a convincing answer.
Ask it for a recipe, and you’ll get instructions that will produce something edible (probably).
Ask it to write your term paper … and you just became the bane of every high school and college professor’s existence.
ChatGPT is far from perfect, as any hardcore user has already learned at this point. The system isn’t designed to “think” on its own. And it will frequently make statements that are factually false (with great confidence, I might add).
But the platform was still a historic success — simply for putting the power of AI into the hands of everyday users.
That alone was enough to trigger an avalanche of interest, and one of the fastest-growing tech mega trends in history.
Because AI isn’t just about clever chatbot programs. Its applications are practically endless. From juggling timetables and managing pricing for retailers, to optimizing the shipping routes of gigantic corporations, AI can supercharge virtually everything we do.
As a result, we’ve seen massive gains for “Magnificent Seven” stocks just in the early innings of the AI boom. And we can expect to see even bigger gains over the years to come.
Unfortunately, one early AI breakout is unlikely to make the cut (see today’s top story for more)…
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To good profits,
Adam O'Dell
Chief Investment Strategist, Money & Markets
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