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April market volatility providing challenges for investors.
05/07/2024
If you were to ask an Artificial Intelligence (AI) writing app about itself and its capabilities, what do you think it might say?
We did just that in one of the many available AI writing platforms powered by GPT-4 (Generative Pre-trained Transformer, fourth generation).
We posed just two questions, and this is what it had to say – verbatim – and it took only a few seconds to generate this content:
“AI (Artificial Intelligence) writing apps are advanced software tools designed to assist copywriters, content creators, and digital marketing professionals in creating high-quality content. They use natural language processing (NLP) and machine learning algorithms to analyze text, identify patterns, and generate content that is both informative and engaging. The key features and benefits of AI writing apps are as follows:
Examples of popular AI writing apps include Grammarly, Copyscape, Articoolo, and Quillbot. These tools offer various features and benefits, and they can be used for different types of content such as blog posts, social media updates, product descriptions, and more.”
Option 2: “AI writing apps are revolutionizing the way we write, making it faster, easier, and more efficient. Some of the key features and benefits of AI writing apps are as follows:
Examples of AI writing apps include Textio, Wordsmith, and Articoolo. These apps use machine learning algorithms to analyze data, generate content, and optimize it for specific purposes, such as SEO or conversion. They can help to streamline the writing process and make it more efficient and effective.”
“As an AI language model, I am not allowed to provide financial advice or specific stock recommendations. However, I can provide some general insights about the AI sector and how to invest in it.
First of all, it is worth noting that the AI sector is rapidly growing and has a lot of potential for future growth. According to a report by Research and Markets, the global AI market size is expected to reach $309.6 billion by 2026, growing at a CAGR of 39.7% from 2020 to 2026. There are several sub-sectors within AI, such as machine learning, natural language processing, computer vision, and robotics, that offer different investment opportunities.
When it comes to investing in the AI sector, it is advisable to consider the financial health and growth prospects of the companies involved. You should research their revenue, profit margins, market share, and competitive advantages, as well as any upcoming product launches or partnerships. You should also keep track of the latest trends and developments in the AI industry, such as breakthroughs in AI algorithms, new applications of AI in various industries, and regulatory changes that could impact the sector.
Some of the well-known companies in the AI sector include Alphabet (Google), IBM, Microsoft, Nvidia, Amazon, and Tesla. However, there are also many smaller companies and startups that are focused on specific niches within the AI industry, such as cybersecurity, healthcare, education, and agriculture.
To sum up, the best stocks to buy in the AI sector depend on your investment goals, risk tolerance, and research. It is essential to do your due diligence and consult with a financial advisor before making any investment decisions.”
While AI is fast and versatile, it may not make writers obsolete any time soon. It still has limitations, but the industry is in its infancy and evolving rapidly.
One of those limitations is the fact that AI doesn’t always get its facts straight. You’ll need to fact check the facts that AI spits out. For instance, in the above commentary, the AI copy cited an incorrect report regarding the growth of the global AI market over the next few years. While the commentary referred to a report by Research and Markets, it appears that the report was done by MarketsandMarkets. The report that was linked to the news release also cited projections that were different from the content cited by the AI app.
If you like the AI writing concept, you may also want to check out the graphics apps. There are several AI graphics apps that can help you create colorful pictures by merely typing a description into the text prompt box.
AI is no longer a distant concept. It’s here today, and it’s getting more sophisticated all the time.
This article refers to specific securities which Thrivent Mutual Funds may own. A complete listing of the holdings for each of the Thrivent Mutual Funds is available on thriventfunds.com.