|
|
After messing around with ChatGPT...
02-02-2023, 11:09 AM
|
#1
|
Dryer sheet wannabe
Join Date: Jan 2023
Location: Waterloo
Posts: 20
|
After messing around with ChatGPT...
I believe AI tech is going to usher in unpreceded productivity growth. I feel the same way I did when I first found out about the internet back in 1992.
What's the best way to invest in this area? I heard Microsoft has invested heavily in OpenAI. Would they be my best bet?
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
02-02-2023, 12:29 PM
|
#2
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,518
|
Quote:
Originally Posted by padlock
I believe AI tech is going to usher in unpreceded productivity growth. I feel the same way I did when I first found out about the internet back in 1992.
What's the best way to invest in this area? I heard Microsoft has invested heavily in OpenAI. Would they be my best bet?
|
OpenAI is set up as a non-profit, so it’s unlikely to list directly, at least for now. It looks like Microsoft will have privileged access, so that’s probably the best way to go.
Another option is to look for a competitive product. Alphabet and Meta will probably want to have their own AI engines.
|
|
|
02-02-2023, 04:00 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Jan 2017
Posts: 2,628
|
I'm going to sit this one out for a while. See my post in the other ChatGPT thread. Right now I'd call it a solution in search of a problem. Admittedly, a very powerful solution, and there will be applications. Just not sure yet what they might be. I can tell you it's not great at many of the things which have been touted.
|
|
|
02-02-2023, 04:06 PM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,797
|
Quote:
Originally Posted by padlock
I believe AI tech is going to usher in unpreceded productivity growth. I feel the same way I did when I first found out about the internet back in 1992.
What's the best way to invest in this area? I heard Microsoft has invested heavily in OpenAI. Would they be my best bet?
|
What did you do on ChatGPT that impressed you?
|
|
|
02-02-2023, 04:23 PM
|
#5
|
Dryer sheet wannabe
Join Date: Jan 2023
Location: Waterloo
Posts: 20
|
Quote:
Originally Posted by Lsbcal
What did you do on ChatGPT that impressed you?
|
I got it to write several reasonably non-trivial sample software programs involving both Python code and SQL queries.
As a former software developer, I can easily see practical applications for it in the field.
|
|
|
02-02-2023, 04:43 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,797
|
Quote:
Originally Posted by padlock
I got it to write several reasonably non-trivial sample software programs involving both Python code and SQL queries.
As a former software developer, I can easily see practical applications for it in the field.
|
Sounds like a nice application but it is very specialized. Not akin to a general purpose thing like the internet which you mentioned in the OP.
I would like to know about more use cases before I got excited enough to invest in it. Tech is fascinating but it is hard to pick pure case winners. It probably fits nicely into large company needs but will it move the needle enough?
For example, with vaccine development there was Pfizer which did OK but Moderna skyrocketed in 2020-21. Long term, who knows.
|
|
|
02-02-2023, 05:13 PM
|
#7
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
|
I, for one, welcome our chatbot overlord
|
|
|
02-02-2023, 05:20 PM
|
#8
|
Dryer sheet wannabe
Join Date: Jan 2023
Location: Waterloo
Posts: 20
|
Quote:
Originally Posted by Lsbcal
Sounds like a nice application but it is very specialized. Not akin to a general purpose thing like the internet which you mentioned in the OP.
I would like to know about more use cases before I got excited enough to invest in it. Tech is fascinating but it is hard to pick pure case winners. It probably fits nicely into large company needs but will it move the needle enough?
For example, with vaccine development there was Pfizer which did OK but Moderna skyrocketed in 2020-21. Long term, who knows.
|
I've also heard from colleagues who used it to help write blog posts and some marketing material. In any case, it certainly isn't my intent to try to convince anyone that it's going to be revolutionary tech. I believe it is and was just wondering what the best way to gain some investment exposure in it might be.
|
|
|
02-02-2023, 05:22 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,797
|
Quote:
Originally Posted by padlock
I've also heard from colleagues who used it to help write blog posts and some marketing material. In any case, it certainly isn't my intent to try to convince anyone that it's going to be revolutionary tech. I believe it is and was just wondering what the best way to gain some investment exposure in it might be.
|
Padlock, I'm just curious and hence the questions. Thanks.
|
|
|
02-02-2023, 06:53 PM
|
#10
|
Dryer sheet wannabe
Join Date: Jan 2023
Location: Waterloo
Posts: 20
|
Quote:
Originally Posted by Lsbcal
Padlock, I'm just curious and hence the questions. Thanks.
|
No worries Lsbcal. Just trying to clarify my motivation for the post.
|
|
|
02-03-2023, 05:38 AM
|
#11
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,518
|
<mod note> This is a thread about investing in ChatGPT. Posts about using the tool itself were moved to an ongoing discussion about that, here https://www.early-retirement.org/for...pt-116205.html
|
|
|
02-03-2023, 08:27 AM
|
#12
|
Recycles dryer sheets
Join Date: May 2010
Location: Knoxville
Posts: 367
|
Quote:
Originally Posted by MichaelB
OpenAI is set up as a non-profit, so it’s unlikely to list directly, at least for now. It looks like Microsoft will have privileged access, so that’s probably the best way to go.
Another option is to look for a competitive product. Alphabet and Meta will probably want to have their own AI engines.
|
+1. The first to market, or even the first to have a large share of a new market is not necessarily the long term winner. For those of us old enough to remember, Wordperfect was a word processing application that at one point had a 90%+ share of the US market. Then along came Microsoft Word.
|
|
|
02-03-2023, 08:31 AM
|
#13
|
Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
|
Quote:
Originally Posted by gromit
+1. The first to market, or even the first to have a large share of a new market is not necessarily the long term winner. For those of us old enough to remember, Wordperfect was a word processing application that at one point had a 90%+ share of the US market. Then along came Microsoft Word.
|
Old enough to remember WordPerfect? You to young for ElectricPencil?
Sorry, gotta get back to writing my Lotus123 macros
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
|
|
|
02-03-2023, 09:10 AM
|
#14
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,518
|
Quote:
Originally Posted by gromit
+1. The first to market, or even the first to have a large share of a new market is not necessarily the long term winner. For those of us old enough to remember, Wordperfect was a word processing application that at one point had a 90%+ share of the US market. Then along came Microsoft Word.
|
Good example. VisiCalc and Lotus123 are other similar examples. Google has an event Feb 8 and appears to be preparing its own AI ChatBot announcement.
|
|
|
02-03-2023, 11:20 AM
|
#15
|
Full time employment: Posting here.
Join Date: Nov 2008
Location: Louisville
Posts: 600
|
Visicalc and Lotus123 are interesting examples. Visicalc was developed by a college professor. After developing the code, he went to a patent attorney and asked to get a patent on the software. The attorney correctly informed him that software could not be patented. The professor then release the spreadsheet software unprotected. That allowed Lotus and eventually Microsoft and others to issue their own version of spreadsheet software without paying royalties.
What the original patent lawyer failed to inform the professor is that while software can not be patented, it CAN be copywrited. That was a very expensive oversight for the professor.
The professor originally came up with the idea based on stories from students returning from co-ops with a particular company. That company had a long room with blackboards all down the wall. The co-ops were charged with collecting financial information about the company and entering the info into squares on the blackboards. Each square included calculations or directions with what to do the information.
|
|
|
02-10-2023, 09:07 AM
|
#16
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
|
Quote:
Originally Posted by Masquernom
Visicalc and Lotus123 are interesting examples. Visicalc was developed by a college professor. After developing the code, he went to a patent attorney and asked to get a patent on the software. The attorney correctly informed him that software could not be patented. The professor then release the spreadsheet software unprotected. That allowed Lotus and eventually Microsoft and others to issue their own version of spreadsheet software without paying royalties.
What the original patent lawyer failed to inform the professor is that while software can not be patented, it CAN be copywrited. That was a very expensive oversight for the professor.
The professor originally came up with the idea based on stories from students returning from co-ops with a particular company. That company had a long room with blackboards all down the wall. The co-ops were charged with collecting financial information about the company and entering the info into squares on the blackboards. Each square included calculations or directions with what to do the information.
|
While that ("Software cannot be patented") was generally true in 1978/79, software was patented prior to Visicalc coming into existence. The 1981 "Diamond v. Diehr" case opened up more territory for software patents. While mathematical formulas could not be patented, novel uses could be patented.
I remember those days (somewhat) well as a young pup as I am co-author of one of the early software patents (filed in 1983 on work already done - we had to rush to get it written up given it was ready to be released because once the product was commercially available it would no longer be patentable.)
p.s. I use VisiCalc as an example in an intro to CS class as an example of a single application that essentially "made" a platform successful (i.e. a "killer" app).
|
|
|
02-10-2023, 11:10 AM
|
#17
|
Full time employment: Posting here.
Join Date: Jan 2008
Posts: 754
|
Quote:
Originally Posted by padlock
I believe AI tech is going to usher in unpreceded productivity growth. I feel the same way I did when I first found out about the internet back in 1992.
What's the best way to invest in this area? I heard Microsoft has invested heavily in OpenAI. Would they be my best bet?
|
Maybe you could just ask ChatGPT what the best way to invest in its technology. I would what be curious what it recommends.
__________________
Retired July 2013 at age 49.
Lazy Portfolio Investor:
AA: 55% Stocks
35% Bonds
10% Cash
|
|
|
02-10-2023, 11:29 AM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
|
"Dear ChatGPT. Is Google going to smoke you?"
I don't have an account. I can't try.
EDIT: got an account, got my answer. In short: no, we don't compete.
I got an interesting answer on another query which I'll take to the non-investing thread.
Quote:
As a language model created by OpenAI, I don't compete with companies like Google. OpenAI and Google have different goals and approach AI research and development in different ways. While Google is a leading technology company that offers a variety of products and services, OpenAI is a research organization focused on advancing AI in a responsible and safe manner. Both organizations play important roles in shaping the future of AI and are working towards their own unique objectives.
|
__________________
Retired Class of 2018
|
|
|
02-10-2023, 02:42 PM
|
#19
|
Recycles dryer sheets
Join Date: Nov 2016
Location: San Jose
Posts: 464
|
The problem is any AI heavily depend on electrical grid when going through training. While it need so much power, human accomplish may be smaller task but with much less resources. I do see it as a major limiting factor.
|
|
|
02-10-2023, 06:26 PM
|
#20
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,668
|
The problem is that there are no requirements that we 78 yos write a term paper.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|