What Would ChatGPT Say?

Part III - We asked ChatGPT’s thoughts on “investing” in Bitcoin. It waved the white flag!

We started talking to ChatGPT a couple of days ago. The main question that drives us is this: If there is a long-standing confusion around the word investing, and if ChatGPT is a language model that is being trained on information that largely mirrors the general public, would it simply parrot back the material it is trained on, or, would it identify the inconsistencies and dead-ends to take an internally consistent position? We were hoping for the latter, but so far, it has been the former. We challenged ChatGPT on why it thinks one can invest in gold, and after a few questions, it started apologizing for the confusion. It actually took ChatGPT about 30 seconds before coming up with an apology! At least, it’s polite. 

Well… Now we’re really curious. We pressed ChatGPT on gold because it identified both gold and cryptocurrencies as an investment on our first date. Now that we know its position on gold (it apologized, but didn’t change its mind - it still thinks gold has intrinsic value), it’s time to keep it in its corner and keep the pressure on. (Note: The conversation took place on June 29, 2023, around 8-9 pm PST. In what follows, all emphases are added)

F27: Why do you think Bitcoin is an investment? 

ChatGPT: