CoinEsel (@DonkeyInvestor) on getquin

2Yr·

Investment case "Artificial Intelligence

One or the other may have seen my post shared below, which I published in the night from Sunday to Monday here on getquin ( @Staatsmann : So Better?) published. In it I, the anti-finfluencer donkey, shared a guide on how to become a successful finfluencer. But did I really?

The post was published by me on getquin, of course. However, I am not responsible for the content. I had these written by an artificial intelligence, ChatGPT to be precise. @Lorena and @MScottInvesting had already shared posts about this in the last weeks. I asked ChatGPT (in English) how to become a successful Finfluencer. ChatGPT answered my question with the 5 points mentioned in my post. I then asked ChatGPT for more details on each of the points. I then copied these together and had the post.

Well, almost. The answers to my altogether 6 questions repeated themselves partly, why I had to shorten in the one or other place. For example, ChatGPT also recommended for credibility to include the structure of the expertise with some details (which is correct in principle, but reads strangely when in the post just before it was already discussed in detail). I removed the details and referred to the previous section instead. Otherwise I replaced LinkedIn by getquin. But that's it as far as content adjustments are concerned.

Also, the post was in English until then. Since most of the community is German speaking, I decided to translate the text. Actually, I decided to have the text translated. And this was done by an artificial intelligence. DeepL. I still had to correct some small things. For example, I had to change the form of address from "Sie" to "Du" or choose better wording in a few individual cases. In addition, DeepL often spoke of my "audience", which I then rather changed to "followers". All in all, however, it was a manageable effort. Besides, everyone would have understood the text without this rework.

All in all, this relatively extensive article was created within about 20 minutes on the cell phone and required no research. Impressive. Especially since no one noticed it, obviously. Only @InvestmentPapa had perhaps a suspicion, a few other users, like bspw. @DividendenWaschbaer , probably at least wondered about the topic and again others interacted with the post as they do with any of my other posts.

For me, reason enough to highlight the topic of AI, also as an investment case, in this post. But let's start short and sweet with a technical definition of the term.

What is artificial intelligence anyway?

Artificial intelligence (AI) refers to the ability of a machine or computer system to perform tasks that normally require human intelligence, such as understanding language, recognizing patterns, learning, and solving problems. AI systems can be trained to perform a wide range of tasks, including language translation, image recognition, and decision making.

What is the difference between an algorithm and an AI?

An algorithm is a set of instructions that a computer follows to perform a task. Algorithms are used to solve problems and perform tasks in a variety of fields, including computer science, mathematics, and data analysis.

AI systems often use algorithms to perform their tasks, but they go beyond these simple, rule-based systems by using techniques such as machine learning to adapt and improve their performance over time. AI systems can learn from data and experience and adapt to new situations and environments. Algorithms tend to be static.

These basic definitions should suffice for our purposes. Let's move on to the really relevant questions:

Will AI play an important role in the future?

It is difficult to predict the future with certainty, but it is likely that AI will play an important role in many areas in the future. AI has already made significant progress in fields such as natural language processing, image recognition, and machine learning, and has the potential to revolutionize many other areas as well. However, it is important to note that AI is only one technological aspect and not the only factor that will shape the future. It is likely that other technologies such as the Internet of Things (IoT), 5G and quantum computing will also have a significant impact on the future.

In what areas is there potential for AI to revolutionize life and work?

There are many potential applications for AI, including:

Healthcare: AI can be used to analyze medical images, aid in diagnosis and predict patient outcomes.
Transportation: AI can be used to improve the efficiency of transportation systems and develop autonomous vehicles.
Finance: AI can be used to analyze financial data and make market forecasts.
Education: AI can be used to personalize learning and help students learn at their own pace.
Manufacturing: AI can be used to optimize production processes and improve factory efficiency.
Agriculture: AI can be used to optimize crop yields and improve farm efficiency.
Customer care: AI can be used to handle routine customer inquiries and provide personalized support.
Security: AI can be used to detect potential threats and improve the security of networks and systems.
Entertainment: AI can be used to create personalized content and recommendations for users.
Environmental monitoring: AI can be used to monitor the environment and predict and mitigate the effects of natural disasters.

How can AI outperform humans in these areas?

AI has the potential to be superior to humans in certain tasks because it can process and analyze large amounts of data very quickly - and continuously, without fatigue. In some cases, AI can also be more accurate than humans, especially in tasks that require a high degree of precision.

In healthcare, for example, AI can analyze medical images and detect patterns that are invisible to the human eye. This can help doctors make more accurate diagnoses and recommend treatments. In transportation, AI can analyze traffic patterns and predict the most efficient routes for vehicles, which can help reduce congestion and improve the efficiency of the transportation system. In finance, AI can analyze financial data and make predictions about market trends, which can help investors make more informed decisions.

However, it should be noted that AI is not always superior to humans and that there are many tasks that are better suited for human intelligence and creativity. It is also important to consider the ethical implications of using AI and ensure that it is used in a responsible and transparent manner.

Enough rambling. Now how can I invest in AI?

There are many ways investors can profit from AI, including:

Investing in companies that develop or use AI technologies: Many companies are integrating AI into their products and services, and investing in these companies can provide exposure to the growth potential of AI.
Investing in AI-focused funds and ETF: There are a number of AI-focused funds and ETFs that allow investors to invest in a diversified portfolio of AI-related companies. Personally, however, I would advise against this as you are potentially putting too many rotten eggs in your nest.
Incorporating AI into investment strategies: some investors are using AI to analyze data and make investment decisions or to identify companies that are likely to benefit from the adoption of AI.
Staying informed about the latest developments in AI: It is important for investors to stay abreast of the latest developments in AI, as this can help them identify new opportunities and make informed investment decisions.

Which companies are using AI or offering AI as a product?

Google is a leader in AI research and development and has a number of AI-focused products and services, including Google Search, Google Maps and Google Translate. $GOOGL (+0.94%)
Amazon uses AI in a number of its products and services, including Amazon Web Services (AWS), which provides cloud-based AI tools and services for businesses. $AMZN (+0.26%)
Apple uses AI in a number of its products, including Siri and facial recognition technology. $AAPL (+1.34%)
Microsoft has a number of AI-focused products and services, including its Azure cloud platform and its Cortana virtual assistant. $MSFT (-1.05%)
NVIDIA is a leading provider of graphics processing units (GPUs) used in many AI applications. $NVDA (+2.01%)
IBM is a leader in AI research and development and has a number of AI-focused products and services, including Watson, an artificial intelligence platform. $IBM (-0.87%)
Meta uses AI to improve the user experience on its platform and to detect and remove inappropriate content. $META (-2.23%)
Baidu uses AI in its search engine and for autonomous driving, among other things. $BIDU (-0.3%)
Salesforce uses AI in its CRM platform to help companies better understand and engage with their customers. $CRM (+0.69%)
OpenAI is a research institute that advances the field of artificial intelligence. OpenAI developed ChatGPT and Dall-E 2. OpenAI's tools generated, for example, my profile picture and the text "How to become a successful Finfluencer." Unfortunately, the company is not listed on the stock market.

What? OpenAI is launching one after the other and I can't buy shares from them? Are there at least AGs that use OpenAI's products?

OpenAI is a research institute that develops AI technologies and publishes its research results, but does not offer its own products or services that you can buy. Therefore, it is not possible to invest directly in OpenAI. However, many companies use the research and technologies developed by OpenAI or incorporate them into their products and services.

For example, OpenAI has worked with Microsoft to develop GPT-3, a natural language processing AI model that is used in a number of Microsoft products and services, including the Azure cloud platform and the Cortana virtual assistant. OpenAI has also collaborated with other companies, including OpenAI LP, a company formed to commercialize technology developed by OpenAI.

Overall, though, very impressive. Can I try this out for myself?

Sure you can. After a free registration you can ask https://openai.com/ ChatGPT and have your own posts generated for getquin. Or you can have a nice new profile picture drawn with Dall E 2. Also the translation of your generated posts from English to German is free on https://www.deepl.com/ possible.

Conclusion & Sources

In case you haven't guessed yet: Large parts of this post were again written by ChatGPT, translated by DeepL and only fine-tuned by me.

Who of you had the suspicion that this post in parts and the post "How to become a successful Finfluencer" were almost completely created by an artificial intelligence?

In which areas do you see great potential through artificial intelligence ?

And for our Finfluencer (bspw. @Boersenape , @Aktienfoxx , @Dividente and @MitVerstandzumKapital ): Are you worried about AI destroying your jobs as content creators, or do you find it more exciting to use AI to make your jobs easier?

Finally, if you'd like to contribute to getquin yourself, here are a few topic suggestions from ChatGPT that might be interesting for a financial community like getquin:

How is the current economic environment affecting financial markets and individual companies? This could include topics such as interest rates, exchange rates, and inflation.
What are the latest trends in financial technology (fintech)? This could include topics such as blockchain, cryptocurrencies, and artificial intelligence (AI) in finance.
How can investors diversify their portfolios to manage risk? This could include discussions on asset allocation, investment strategies, and risk management techniques.
What are the implications of recent regulatory developments for the financial industry? This could include discussions about changes in financial regulations and their impact on companies and investors.
How can individuals manage their personal finances and achieve their financial goals? This could include topics such as budgeting, saving and investing for the future.
What are the latest trends in sustainable and impact investing? This could include discussions about investing in companies that have a positive impact on the environment and society, as well as considerations of ESG criteria.
How can individuals and businesses effectively manage their taxes? This could include discussions on tax planning strategies, changes in tax laws, and tax optimization techniques.

#stocks
#esel
#future

CoinEsel

@DonkeyInvestor

2Yr·

How do I become a successful finfluencer?

Becoming a successful Finfluencer requires a combination of expertise, credibility and a strong online presence.

Build your expertise

Take courses or get a degree: One way to gain knowledge in finance is to take courses or earn a degree in a related field, such as business administration, economics or finance. This can provide a foundation of knowledge and help you understand the key concepts and principles in the field.

Read books and articles: Reading books or articles on finance is a great way to learn about different topics and stay up to date on industry trends. There are many books and articles on a variety of financial topics such as investments, personal finance, and financial planning.

Get hands-on experience: Hands-on experience in the financial industry can be a valuable way to gain knowledge and skills. This can be done by interning at a financial firm, working in the financial field, or volunteering for a financial education organization.

Attend conferences or workshops: Attending conferences or workshops on finance can be a great way to learn from experts in the field and network with other professionals. Many conferences and workshops offer continuing education credits, which can be very useful for those working in the finance industry.

Build credibility

Building credibility as a finfluencer requires a combination of expertise and trustworthiness.

Build expertise: See previous point.

Stay up to date on industry news and trends.: To be a credible finfluencer, it's important to stay up to date on industry news and trends. This may mean reading financial news regularly and following industry experts on social media.

Be on point and well informed: It's important to be on point and well-informed in your content. This can mean doing your own research and fact-checking to make sure your content is accurate and reliable.

Disclose conflicts of interest: If there could be conflicts of interest that affect the content you share, it's important that you disclose them to your followers. This can help reaffirm trust and transparency with your followers.

Get professionally certified: If you're giving financial advice or recommendations to your followers, getting professionally certified can help prove your credibility and expertise in the field.

Build your online presence

Create a website or blog: Setting up a website or blog is a great way to get your content out there and establish your brand as a finfluencer. A website or blog can be a central hub for your content and is a useful tool for building your online presence.

Use social media: Social media platforms like Twitter, GetQuin, and Instagram can be useful tools to share your content and connect with your followers. Choose the platforms that are most relevant to your followers and your content and post updates regularly.

Optimize your content for search: To increase the visibility of your content online, it's important to optimize it for search engines. This can mean using relevant keywords in titles and descriptions, using tags, and making sure your website is optimized for smartphones and loads quickly.

Collaborate with other finfluencers.: Collaborating with other influencers can be a useful way to increase your reach and build your online presence. Consider reaching out to other influencers and looking for opportunities to collaborate on content or promote each other's work.

Be consistent and reliable

Build a brand: To be consistent in your content and messaging, it's important to create a brand for yourself as a Finfluencer. This can include developing a specific style or tone for content and using consistent brand elements such as logos or color schemes on the website and your social media channels.

Create a content calendar: In such a calendar, you can set when you will publish content and what topics you will cover. This can help you stay organized and ensure that you keep sharing new and relevant content with your followers.

Stay consistent with your messages: For consistent communication, it's important to have a clear message that aligns with your brand and resonates with your followers. Think about the value you offer your followers and how you can convey that value through your content and messaging.

Be consistent in the frequency of your posts: To build a loyal following as a Finfluencer, it's important that you publish your posts regularly. This may mean posting regular updates on your website or social media channels, or setting a schedule for publishing content.

Interact with your followers

Respond to comments and questions: Engaging your followers can consist of responding to comments and questions they leave on your website or social media. This can help build a sense of community and show that you value their feedback and contributions.

Share content that resonates with your followers.: To interact with followers, it's important to share content that appeals to them and meets their needs. This can mean surveying your followers to find out what topics they're interested in, or using analytics tools to find out what types of content resonate well.

Foster a sense of community: Building a sense of community among your followers can be an effective way to engage with them. To do this, you can host webinars or Q&A sessions, or create a private group on social media where your followers can interact with each other.

Call for interaction: Calls to action, such as asking your followers to share their thoughts or experiences in the comments, can be a useful way to engage with them and encourage them to join the conversation.

It may take time and effort to become a successful Finfluencer, but by building your expertise, credibility, and online presence, you can establish yourself as a trusted source of information and advice.

Postscript:

Sources

This text was automatically generated by the AI ChatGPT at https://openai.com/ created.

It was translated with https://www.deepl.com/ from English to German.

The fine tuning was done by @DonkeyInvestor done

29 Comments

Bass-T@BASS-T

2Yr

I frankly didn't comment because I've been following your posts for a while and this topic had zero to do with you. When I read it that way, I thought either "he didn't write that" or "he had a fever when he wrote that" Usually you make connections between statements in your writing. This time, the style seemed like this: "There's a tree in the pasture. A tree is a plant. Plants are important! But important is also the discussion about..." Nevertheless, I find the result frighteningly good. I just sincerely hope that your "experiment" is not taken up by more users, so that we drown in 0815 texts👍 No investment advice. No text advice

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Fabzy ✨@Fabzy

2Yr

The fact that the donkey makes a post about becoming a Finfluencer was really unusual and I thought it was just part of an experiment of yours. But I would not have thought that both the first post, as well as this one was generated by ChatGPT. Krass 😁 Thanks for the entertainment 🍿

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Sven@svenleowe

2Yr

Microsoft has invested $1 billion in OpenAI in 2019. So is Tesla in there, not to mention they have really serious growing ambitions towards humanoid robots and robotaxis, designing their own AI chips, building their own server clusters, have insane amounts of data... I don't know

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Dividende > Zinsen@GoDividend

2Yr

I asked Chatgp: what is the easiest way to become a millionaire? Answer: "There is no easy way to become a millionaire. It usually takes time, hard work and often a certain amount of luck. One way to become a millionaire is to start saving and investing money early. By saving regularly and investing money in assets such as stocks, mutual funds, or real estate, you can build a substantial fortune over the years. Another option is to start a successful business or specialize in a profession and then earn accordingly. It is important to set realistic goals and be prepared for a long period of time, as the road to becoming a millionaire is rarely quick. It is also important to weigh risks carefully and to inform yourself well before making decisions" I liked it #chatgpt

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Tim@Minusgeschaeft

2Yr

I knew it, the topic was just too unusual and above all everything too serious😁 That's why no real interaction under the post, your own style is much better to me even if's technically certainly correct and informative was 😊

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Michael@MFMIrrgang

2Yr

For a while ChatGPT also threw out a creepy good 6 point plan when asking the AI how best to overthrow the Western culture. It also knew a lot about fighter jets when you wanted to "bring a country closer to you", but it's been manually stopped now 😅 AI can do a lot more than we want to admit 😅 (Source: No Dumb Questions #147)

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Viktor_Wachstum@Viktor_Wachstum

2Yr

Awesome post!!!

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Stefan@InvestmentPapa

2Yr

The donkey... once again. No need to explain now, why this is currently still noticeable, why it was clear pretty quickly, why there was another dimension and an experimental background here... others have already spread this around. And exactly this reassures me nevertheless in certain way: That we as humans are still skeptical enough and sensitive enough when it comes to human communication... and that this is also reflected non-verbally, i.e. in the written word, is even more fascinating. Completely frightening it becomes, if the AI suddenly can imitate personalities on linguistic level 1:1. In so far: Thanks for letting us play lab bunnies for you once again. 😜

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Lilly P@Hawgd

1Yr

Sense of GIF?

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