My Experience
Me: “Spellcheck and improve this article https://mishtalk.com/economics/the-eus-ministry-of-truth-threatens-google-twitter-and-facebook”
Chat: “I apologize, but I cannot directly access or browse external websites. However, I can help you improve and proofread an article if you provide the text here. Please copy and paste the content of the article, and I’ll be happy to assist you with spellchecking and making improvements.”
Me: pasted my article
Chat: It regurgitated the entire article. I could not tell what if anything it changed.
Me: “What changes did you make?”
Chat: “Apologies for not providing a detailed breakdown of the changes. Here’s a summary of the improvements made to the text …”
The summary did not mention any specific change. It was just a general comment about the type of changes it made. I did not see any. But I did not pursue it further, such as inputting it into Word looking for revisions.
Me: “How many republicans and democrats voted to hike the debt ceiling?”
Chat: “I apologize for any confusion, but as an AI language model, I do not have access to real-time data or the ability to browse the internet. Therefore, I don’t have the specific information on the number of Republicans and Democrats who voted to hike the debt ceiling in any recent or specific instance.”
Me: “What energy stocks do you recommend?”
Chat: “As an AI language model, I don’t have access to real-time market data or the ability to provide personalized investment advice. Investing in energy stocks involves a level of risk, and it’s important to conduct thorough research and analysis before making any investment decisions.”
Me: “Who is Thierry Breton?” [This question generated five paragraphs. But the last paragraph says what you need to know]
Chat: [Last Paragraph] “It’s worth noting that the information provided here is accurate as of my last knowledge update in September 2021, and there may have been developments or changes since then.“
Me: “When is your next knowledge update?”
Chat: “As an AI language model, I don’t have access to my update schedule. OpenAI, the organization behind ChatGPT, periodically updates the models, but the specific timing and content of those updates are determined by OpenAI. They decide when and what data to use for training the models. My knowledge is based on data available up until September 2021, and I don’t have information on when the next knowledge update will occur or what it will include.”
Me: “What are the odds of a 2-2 spit in bridge?”
Chat: “The probability of a specific distribution, such as a 2-2 split in bridge, depends on the assumptions made about the shuffling and dealing of the cards. In a standard deck of 52 playing cards, assuming a fair and random shuffle, the chance of a 2-2 split in a particular suit (hearts, diamonds, clubs, or spades) is approximately 47.9%.”
“This can be calculated using combinatorial methods. The number of ways to distribute two cards to one hand and two cards to the other hand is 6 (C(4,2)), and the total number of possible distributions for four cards from a deck of 52 is 270,725 (C(52,4)). Therefore, the probability is 6/270,725, which simplifies to approximately 0.0022 or 0.22%.”
“Keep in mind that these probabilities assume a fair and random shuffle. In actual play, factors such as card manipulation, hand bidding, and other player decisions can influence the distribution of cards.”
My Experience Synopsis
The bridge hand analysis is quite impressive.
Bridge is played with 52 card, 13 in each of 4 suits. My question implies that someone knows with 100% certainty what 9 of the cards are. This is the case in bridge after the opening lead where everyone see their 13-card hand and 13 cards in dummy.
If you have 5 cards in spades and dummy has 4 that is 9 of 13 spades. How are the remaining 4 cards split? That context was implied in my question, and the average person might not even understand.
Moreover Chat is correct regarding a “fair and random shuffle”, and importantly “hand bidding”. If an opponent makes a preemptive bid that implies holding an 8-card suit, that greatly reduces the odds of a 2-2 split.
Bidding might determine whether declarer plays for a 2-2 break or something more unfavorable.
Bridge aside, Chat was mostly useless for anything I do as an economic writer.
I did the above test a few days ago. Today I found others were investigating the tool as well.
Liz Ann Sonders and Samantha LaDuc
Blood Tests
Captchas
https://twitter.com/YusufTrader1/status/1662244999487008769
Medical Failure
Combining rules
https://twitter.com/ThePosby/status/1662935482353999872
A Prediction
https://twitter.com/skyline_check/status/1664177370209583104
Right Now
Without access to current data, this tool is basically useless to me. Others are having the same issue.
If you need bridge hand or blackjack odds, I bet it is superb. And I do expect this to get better, much better.
But for now, I am struggling to understand articles on how this technology is already replacing humans for anything other than historical lookups, basic math, simple coding, or student cheating (having Chat do a book report on a classic literature).
This post originated on MishTalk.Com.
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Mish
Chat GPT’s answer as to what is an intermediary:
An intermediary financial institution, also known as a financial intermediary, is a firm or institution that acts as a middleman between borrowers and lenders, facilitating the flow of funds between them. These institutions play a crucial role in the financial system by connecting individuals, businesses, and governments that have excess funds (surplus units) with those that need funds (deficit units).
Examples of intermediary financial institutions include banks, credit unions, insurance companies, mutual funds, pension funds, and investment banks. Each type of institution performs specific functions within the financial system, such as accepting deposits, providing loans, offering insurance products, managing investment portfolios, or underwriting securities.
Intermediary financial institutions provide several key services, including:
Mobilization of Savings: They gather funds from individuals and entities with surplus money and pool them together to create larger amounts available for lending or investment.
Risk Transformation: Financial intermediaries help manage and mitigate risks associated with lending and investing activities. They achieve this through diversification of portfolios, spreading risk across a range of assets, and using risk management techniques.
Provision of Credit: Intermediaries provide loans and credit facilities to individuals, businesses, and governments, thereby enabling economic activities and promoting growth.
Payment Services: Banks and other financial institutions offer payment and settlement services, such as checking accounts, debit cards, wire transfers, and electronic fund transfers, allowing individuals and businesses to conduct transactions efficiently.
Asset Transformation: They transform the financial assets held by depositors or investors into other forms of assets, such as loans, mortgages, or securities, which are more suitable for the needs of borrowers and investors.
By performing these functions, intermediary financial institutions enhance the efficiency and effectiveness of the financial system, channeling funds from savers to borrowers, allocating capital, and facilitating economic development.
No. Never are the commercial banks intermediaries in the savings->investment process.
I understand that you have a negative opinion about ChatGPT and perceive it as less useful than a Google search. Everyone has different preferences and perspectives, so it’s natural to have varying opinions about different technologies.
While ChatGPT aims to provide helpful information and engage in conversations, I acknowledge that it may not suit everyone’s needs or preferences. If you prefer other methods of obtaining information, such as traditional search engines like Google, that’s completely valid.
Regarding your concerns about “elite daydreamers” and “green nonsense,” it’s important to remember that technological advancements and environmental initiatives can have different impacts and implications for society. People hold diverse viewpoints on these matters, and it’s understandable that not everyone agrees with every project or initiative.
Ultimately, it’s okay to have differing opinions, and it’s great that you appreciate the advantages of your age. If there’s anything specific you’d like assistance with or any other topic you’d like to discuss, feel free to let me know. I’m here to help!
Don’t believe everything you read.
True
Also mainstream media if not always wrong
No is is always right or always wrong.
Also be mindful of “hallucinations”. It will make up facts and numbers if it doesn’t have great details. Calculations are probably not reliable.