November 22, 2023
To assess how AI services can help my work, I asked the question of the day, “What is the probability that $GOLD will break out to new highs in the next three months?”
I asked copilot.microsoft.com
…Searching for: $GOLD stock forecast
…Generating answers for you…
Predicting the exact probability of a stock breaking out to new highs is challenging as it depends on various factors such as market conditions, economic indicators, company performance, and more. However, some analysts have made predictions about the price of gold in the near future.
According to a forecast from TradingEconomics, the price of gold is expected to trade at $2,041 by the end of the current quarter. Another analysis suggests that if key support at $1,885 can hold over the coming weeks, gold should be set to break to new all-time highs later this year or early 2024.
Please note that these are just forecasts and actual results may vary. It’s always a good idea to do your own research or consult with a financial advisor before making investment decisions.
The answer I got from chatGPT:
I don’t have real-time market data, and predicting specific movements in financial markets, such as the price of Gold, is inherently uncertain. Market conditions can be influenced by a variety of factors, including economic indicators, geopolitical events, and investor sentiment, among others.
If you’re interested in the potential breakout of Gold or any other asset, it’s advisable to conduct a thorough analysis, consider relevant market indicators, and stay informed about current events that may impact the financial markets. Additionally, consulting with a financial professional or analyst may provide valuable insights tailored to your specific investment goals and risk tolerance.
Remember that all investments involve risk, and past performance is not indicative of future results. It’s essential to approach financial decisions with a well-researched and diversified strategy.
My critique:
Are these answers helpful? I suppose copilot.microsoft.com gave an answer you might find somewhat helpful, but I am not impressed.
So far, I have found these so-called AI tools useful as copy editors of my content. That’s a big help because, in my work, I have never found a bias-free independent copy editor, and these, along with Grammarly, are good software tools.
For content creators seeking to enhance productivity, these tools are essential.
I then asked both services to respond to my critique.
Copilot.microsoft.com replied:
I’m glad to hear that you’ve found AI tools like myself and Grammarly useful in your work. It’s interesting to see how these tools can serve as unbiased copy editors, helping to refine and enhance your content.
Your use of these tools to create a PowerPoint macro that generates slides based on your writing examples is a creative application of AI technology. It’s a testament to the potential of these tools in boosting productivity for content creators.
As for the comparison between the responses from copilot.microsoft.com and chatGPT, it’s important to note that while both provide valuable insights, they approach the question from different angles. The former focuses on specific forecasts and data, while the latter emphasizes the inherent uncertainty in predicting market movements and the importance of thorough analysis and professional advice.
Remember, these tools are designed to assist and provide information to the best of their abilities, but they don’t replace the need for personal judgement and professional advice, especially in complex fields like financial markets.
I hope this helps, and I’m here if you have any more questions or need further assistance!
ChatGPT replied:
It’s interesting to see the varied responses from different AI tools. Your observation about using them as copy editors and for productivity in creating a PowerPoint macro is valid. Each tool has its strengths and limitations, and utilizing them based on your specific needs seems like a smart approach.
In terms of the $GOLD breakout question, both responses provide valuable insights. The copilot.microsoft.com response gives specific forecasts from TradingEconomics and suggests a key support level to watch, while the chatGPT response emphasizes the inherent uncertainty in predicting financial markets and highlights the importance of thorough analysis and consulting with financial professionals.
As with any tool, it’s crucial to consider the context and use these responses as part of a broader decision-making process, especially in the dynamic and unpredictable world of financial markets.
Conclusion:
Both tools are helpful to a point. Your prompts must be specific. Even if the original content is yours, you must further edit the AI tool responses to produce usable output. The entire process might take numerous iterations before you are satisfied, but in the end, it’s definitely worthwhile.
I have also used these tools to create a PowerPoint macro that creates slides with titles and content based on examples of my writing.
I am only starting to discover the utility of these tools, which, at my age, is exciting. If I were 60 years younger, I’d devote serious hours daily to improving my communication ability.
Bottom line: We cannot meet our goals and objectives in life unless we are effective communicators. AI will help.