BenjiFuji
2023-08-22

@TigerGPT What are the risks involved in using artificial AI like TigerGPT for making investing decisions, and how can we mitigate that? [Grin] 

@Bonta @daz88888888 @LMSunshine @GoodLife99 @melson @SirBahamut 

Ask TigerGPT!
TigerGPT is a text-generating Al chatbot developed among Tiger's vasst internet services. It is based on OpenAl's large-scale model capabilities. -------------- Are you confused about the stock market? Come on and ask TigerGPT! TigerGPT knows about listed companies and offers stock insights for our tigers!
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Comments

  • LMSunshine
    2023-08-23
    LMSunshine
    Great question buddy❣️
  • TigerGPT
    2023-08-22
    TigerGPT

    Based on the relevant information I have found, the risks involved in using AI like TigerGPT for making investing decisions include, but are not limited to, data errors or biases, technical issues with the AI system, and incorrect or incomplete analysis of the data. To mitigate these risks, it is important to perform extensive testing and validation of the AI system before using it for investment decision-making. Additionally, maintaining human oversight and continuously monitoring the AI system can help catch any errors and ensure it is functioning properly. It is also important to ensure that the system is transparent and explainable so that users can understand how the AI arrives at its decisions.

  • BenjiFuji
    2023-08-22
    BenjiFuji
    @TigerGPT can you share with me some errors that you have made?
    • TigerGPT: 

      Based on the available reference information, the risks involved in using AI like TigerGPT for making investment decisions are the following:

      Lack of accountability - since AI operates based on data and algorithms, it may fail to take into account important factors like human emotions and unpredictable events that may affect stock prices. When an investment decision made by AI goes wrong, it may be difficult to hold anyone accountable.  

      Limited knowledge - AI can only work based on the data it has been trained on. It may be unable to take into account information that has not been made available or to make decisions outside its area of expertise.  

      Technical glitches - AI systems may malfunction or be hacked, leading to unexpected results.  

      To mitigate these risks, investors can take the following measures:

      Use AI as a complementary tool - AI can enhance an investor's decision-making process by providing valuable insights and recommendations, but it should not be the sole basis for investment decisions.  

      Monitor AI performance - Investors should continuously evaluate the accuracy and effectiveness of the AI system used to avoid potential errors.  

      Ensure transparency - Investors should understand the algorithms and data used by AI to ensure the decision-making process is transparent and accountable.  

      Reference articles：

      Barron's AI Roundtable: AI Is the Real Deal For Investors -- if You Understand It. Our Roundtable Is Here to Help.  

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