Market Talk – October 17, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 269.11 points or -0.69% to 38,911.19 • Shanghai decreased 33.56 points or -1.05% to 3,169.38 [...]
How Does ChatGPT Differ From Socrates?
(click on the image to view or keep reading for the computer’s response)
How Does ChatGPT Differ From Socrates? A reader asked ChatGPT this exact question, and here is the response:
As an AI language model, I differ from the Socrates Platform in several ways. Firstly, the Socrates Platform is a web-based platform developed by Martin Armstrong and his team at Armstrong Economics, whereas I am a language model developed by OpenAI. The Socrates Platform is designed to analyze economic and financial data in real-time, predict market trends, and provide actionable insights to investors and traders. In contrast, I am designed to assist with a wide range of tasks, including language translation, question answering, and text generation. Secondly, the Socrates Platform uses artificial intelligence, machine learning, and natural language processing to analyze data, whereas I am primarily focused on natural language processing. The Socrates Platform uses sophisticated algorithms to analyze historical and cultural data to inform its predictions, whereas my responses are based on the input provided to me by the user. Lastly, the Socrates Platform is primarily designed for financial professionals, investors, and traders, whereas I am designed for a broader range of users, including students, researchers, and general knowledge seekers. While both the Socrates Platform and I use artificial intelligence to analyze data and provide insights, our intended audiences and applications differ significantly.
Yes, the two platforms are completely unrelated aside from being driven by AI. ChatGPT does not have the computing capabilities of Socrates. It does not have the monetary history data, for starters. ChatGPT has no involvement in the financial world and was not designed for financial purposes. It cannot even provide basic market closings as the current model stopped learning in September 2021 and cannot answer any questions after that date. Most importantly, ChatGPT does not have the source code that is the key to Socrates’ successful forecasts.
ChatGPT is a great achievement and a step in the right direction for AI use on a larger scale. However, it is not possible to compete where you do not compare. Socrates is in a league of its own.
The post How Does ChatGPT Differ From Socrates? first appeared on Armstrong Economics.
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