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Showing posts from September, 2023

The Risks and Rewards of ChatGPT Becoming a VC Tool

Update Despite the fact that it’s relatively new, ChatGPT is already completely changing the way nearly every sector does business — not even finance is exempt. Statistics show that generative AI will have a hand in producing 10% of all global data by 2025. By 2030, generative AI will be responsible for a 26% boost to global GDP. Generative AI has made its way into finance and investment — first with the launch of BloombergGPT to assist with basic processes like sentiment analysis and finance tasks, and then with companies testing generative AI’s fraud defense and product development capabilities. The explosive popularity of ChatGPT and generative AI means prompt engineering is quickly becoming its own skilled profession and a valuable resume asset. Since generative AI may very well be an integral part of finance and investment moving forward, we’re likely to see investment experts shift into a role that includes prompt engineering. This means it’s time to debug the system and

ChatGPT Determines The Best NBA Players of All Time

Update With the increasing hype surrounding ChatGPT, a conversational AI language model, I've always been wondering how it would factor into the sports realm. Would it take the opinions of others or formulate its own opinions? Or could it even be used to predict the future of sports? Well, we're at least answering the first of those questions today. I asked ChatGPT to make a top 10 list of the best NBA players of all time and here's what it had to say: 1. Michael Jordan - widely considered the greatest player in the history of the sport, with six championships, five MVP awards, and numerous other accolades. 2. LeBron James - still an active player, but already with four championships, four MVP awards, and numerous other accolades, he is often considered the best player of his generation. 3. Kobe Bryant - a five-time champion and 18-time All-Star, he is widely regarded as one of the greatest shooting guards in NBA history. Magic Johnson - a five-time champion and • three-

Binance has announced that it will phase out support for the BUSD stablecoin

Update Binance, the world’s leading cryptocurrency exchange, has announced that it will phase out support for the BUSD stablecoin. This decision comes following Paxos’ halt in minting new BUSD tokens. With a set deadline of February 2024, Binance users are now encouraged to convert their BUSD assets into other available stablecoins or digital assets on the platform. A decision to end support for BUSD has been expected since stablecoin issuer Paxos was ordered to stop minting the coin in February. Binance CEO Changpeng Zhao said that “BUSD will slowly wind down over time,” although the timing of the phasing out was unclear. The decision to stop BUSD loans with a week’s notice suggests those timelines have been pushed forward. “As Paxos has halted minting of new BUSD, Binance will gradually cease support for BUSD products,” Binance said. “Please be assured that BUSD will always be backed 1:1 by USD.” BUSD’s 24-hour trading volume is just under $900 million, according to data by Coi