We gave ChatGPT $20,000 to invest and this is how it spent it [FREE POST]

NEWSBTC made an experiment where they asked the AI ChatGPT how it would spend $20,000.

They allocated $10,000 to invest in stocks and another $10,000 to invest in cryptocurrencies, following the AI's suggested breakdown for each.

                                           STOCKS

                                           CRYPTO

Stock Results:

During the experiment, both stock and cryptocurrency investments experienced fluctuations in value. The stock investments resulted in an overall 6% return on investment (ROI), with some stocks performing well and others facing losses. Rivian doing the greatest, it went from $100 to $188

Crypto Results:

On the other hand, the cryptocurrency investments fared better, yielding an overall ROI of 14%, with only one coin experiencing a loss.

The experiment showed the potential benefits and risks of relying solely on AI-generated advice for financial decisions. While AI can provide valuable insights, it's essential to exercise caution and consider other factors, conduct thorough research, and seek advice from financial experts before making investment decisions. Additionally, the experiment highlighted a missed opportunity with the absence of investing in Meta (formerly Facebook) from the suggested stock investments, as it could have potentially outperformed some other stocks in the portfolio because of their release of Threads.

In conclusion, while AI can offer valuable guidance, it's crucial to approach financial investments with a well-informed and balanced strategy that takes into account both AI recommendations and human judgment.

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