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Wednesday, October 30, 2024

I Gave Bard $100 To Make As A lot Cash As Attainable; It Ended Up Educating 3 Wealth Classes | by Onyedikachukwu Czar | The Startup | Sep, 2023


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Once we ask chatbots about funding and making-money, we normally place them as consultants who generate income from giving recommendation, somewhat than from observe data.

So it’s typical to have them rehash the identical lists alongside the strains of “10 Methods To Rapidly Make Cash On-line,” as contained in hundreds of blogs on the web.

“By no means ask the physician what it is best to do,” Nassim Taleb as soon as stated; “ask him what he would do if he had been in your house. You’d be shocked on the distinction.”

What we normally ask these chatbots are “what do I do” questions, somewhat than “what would you do” questions. So once I needed to ask Bard the right way to generate income with $100, I gave it the cash and watched how he’d do it. I needed to see the distinction:

My first immediate: If I offer you $100, what’s that one factor you’d do to make as a lot cash from it as potential?

Its response went,

“One of the simplest ways to make as a lot cash as potential from $100 would depend upon numerous components, together with your abilities…”

It will go forward to listing issues like: put money into the inventory market; begin a aspect hustle, begin a weblog or YouTube channel; take on-line surveys and renting out your automotive or spare room. Typical stuff. Additional advising me to be affected person as there isn’t any assured technique to make some huge cash rapidly.

However I didn’t need it to inform me what to do.

So I modified the immediate to: This isn’t about me however you, and I’m not serious about making fast cash. So let me ask once more, in the event you’re given sufficient time, what’s going to you do with $100 to make more cash from it?

Then got here the dynamite.

Its reply:

I see. If I got sufficient time to make more cash from $100, I’d make investments it in a low-risk funding, resembling a high-yield financial savings account or a certificates of deposit. These investments wouldn’t make me some huge cash rapidly, however they might permit me to develop my cash over time.

I’d additionally use among the cash to be taught new abilities or take programs that will assist me enhance my incomes potential. For instance, I might take a course…

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