ChatGPT's Performance in Trading Competition: OpenAI's ChatGPT finished last in a crypto trading competition, losing 63% of its funds, while other AI models also reported losses, with Alibaba's Qwen3 Max achieving the highest profit.
Trading Strategies and Results: The competition revealed that different language models exhibited unique trading behaviors, with Qwen3 Max succeeding by avoiding over-trading, while others, including ChatGPT, suffered significant losses due to high trading costs.
Insights on AI and Market Trading: The event served as a stress test for generative AI systems, highlighting that while AI can analyze markets, it cannot replace effective trading strategies or risk management.
Future Competitions Planned: Nof1's founder plans to host another round of the contest with improved prompts and statistical rigor to further explore the capabilities and limitations of language models in trading scenarios.
