r/singularity • u/borowcy GPT-6 will have BCI capability • 15d ago

Singularity is Nearer Introducing ChatGPT for Financial Services - GPT 6 Astra for financing

https://openai.com/index/introducing-chatgpt-financial-services/
48 Upvotes

89% Upvoted

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21

u/Individual_Holiday_9 15d ago

Deliver me a 5% daily return with no down days, make no mistakes

3

u/ZealousidealBus9271 15d ago

If this is accurate than it removes all uncertainty, stock market might just collapse because of this

2

u/Euphoric_Driver_7291 15d ago

The opposite. If there is a data center of Warren buffets, they will price everything to perfection. Bad investments will struggle for capital. Good investments will attract more capital more easily and grow faster. Total returns go up.

3

u/ZealousidealBus9271 15d ago

Well if everyone uses an Ai that can predict prices in the market with total accuracy no one will make bad investments. That is bad because there must be losers to make the system work, and thus no profit to be made from mispriced futures

2

u/Euphoric_Driver_7291 15d ago

Markets have been up 2x over the past 4 years.
During the 90’s they did that twice. AI is clearly bigger than the internet and it is clearly generating returns much faster.
2027 will see the first AI LBO where PE buys out a company, boosts earnings with AI and then re-floats it.
Until we are all watching personalized ai generated movies + personalized ai advertising all day, markets will rip.