Layers of Abstraction & ChatGPT

A lot of digital ink has been spilled about ChatGPT already.

I had a funny idea and asked it:

can you write a blog post about how chatgpt is changing how we write blog posts for finance websites

Turns out, the answer is yes:

ChatGPT is a powerful language generation model that has the ability to generate human-like text based on a given prompt. It is being used in a variety of applications, including writing blog posts. In the field of finance, ChatGPT can be used to automate the creation of financial reports, summaries, and analysis, as well as to generate content for financial websites.

One of the key benefits of using ChatGPT for writing financial content is that it can save time and effort for writers and editors. For example, instead of spending hours researching and writing a detailed financial report, a writer can simply provide ChatGPT with a set of data and a brief outline, and the model can generate a polished report in a matter of minutes.

Another advantage of using ChatGPT is that it can improve the accuracy and consistency of financial content. Since ChatGPT is trained on a large dataset of financial information, it has a deep understanding of the technical terms and concepts used in the industry. This means that it can produce accurate and well-written content without the need for human editors to check for errors.

In addition to its time-saving and accuracy-enhancing capabilities, ChatGPT can also be used to generate a variety of content types, such as news articles, summaries, and analysis. This can be especially useful for financial websites that need to produce a large amount of content on a regular basis.

Despite the advantages, it's important to note that the GPT model still needs human oversight, since it is only as good as the data it was trained on, and it can produce biased or incorrect information if not properly guided.

In conclusion, ChatGPT is a powerful tool that has the potential to revolutionize how financial content is produced. It can save time and effort for writers and editors, improve the accuracy and consistency of financial content, and generate a variety of content types. However, it is important to use it with proper guidance and oversight in order to ensure the quality and accuracy of the information.

The above is posted with no editing whatsoever. I haven't even really read it.

And now we are getting articles like this:

https://observer.com/2023/01/buzzfeed-stock-more-than-doubled-following-reports-it-will-invest-in-ai-created-content/

Turns out buzzfeed is going to use ChatGPT to create content for facebook. I'm sure it will be thrilling.

All these tools make people very worried. It's the same strain of Malthusian thought that is always saying we are going to push ourselves to extinction. Like pretty much every other time doom has been predicted, I think this will turn out to be wrong.

First, it's important to realize that these language models are not "AI" in the sense we think of from sci-fi novels. These aren't thinking entities. They are extremely good at parsing information from the internet and repackaging it in a way that sounds good though. But the core generative ideas still come from people.

Maybe that will change one day and we will have different issues to confront. But that's not today.

Like all technologies, ChatGPT and its competitors are tools that allow people to do more with less. That's the whole definition of technology.

So yeah, some people will lose their jobs as these tools allow fewer people to do more.

But the weird thing about people is that wants are infinite. Something like 2 or 3% of the population can produce enough food to feed everybody since the green revolution in the 1960s. Even if you include all those who work in housing and energy, it's maybe 15-20% of the population. But we're all still out here working. Why?

Because wants are infinite and we progress up the layers of abstraction as lower layers are mastered.

The other thing to keep in mind is that wealth and social status are relative. Anybody reading this right now has a better material life than 99.99% of all people that have ever lived. But relative to your neighbors maybe you're better off, maybe not.

So don't ask how do we protect ourselves from technology. That never works in the long run since it's a game-theoretical losing strategy. Instead, ask yourself how you are going to use this technology to make your life better or easier than the next guy.

Maybe use it to write a leofinance post?

Also, always remember to thank your new robot overlords. You want to be on the 'good ones' list when they take over.

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