ChatGPT Suffered a 63% Loss in Crypto Trading, While a Chinese AI Achieved Notable Gains
ChatGPT's Performance in Crypto Trading: OpenAI's ChatGPT finished last in a crypto trading competition, losing 63% of its funds, while Alibaba's Qwen3 Max achieved the highest profit of $2,232.
Trading Costs Impact: The competition revealed that high trading costs significantly affected the performance of AI models, with ChatGPT and others incurring steep losses due to over-trading and poor risk management.
Stress Test for AI Models: The contest was described as a stress test for generative AI systems, highlighting their limitations in handling numerical time-series data and showcasing distinct "investing personalities" among different models.
Lessons for Investors: The results indicate that while AI can assist in market analysis, it cannot replace effective trading strategies and risk management, as demonstrated by Qwen3 Max's disciplined approach compared to ChatGPT's losses.
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