Presented by Jessica Inskip and [Name Not Provided]
Introduction
Special edition of Options Play education on trading with ChatGPT.
Presented by Jessica Inskip, Director of Education and Product.
Increasing use of ChatGPT for various purposes, including trading.
Focus: Educational aspect on using ChatGPT for trading, investment opportunities in AI, and technical analysis.
Housekeeping
Today’s session: For education and demonstration only, not a recommendation to buy or sell.
Topics: AI significance, AI model types, ChatGPT application in trading, investment opportunities in AI stocks, and Q&A.
Overview: What's the Big Deal with AI?
Machine Learning and AI: AI's recent significance due to advances in computing power and data access.
Deep Learning Models: Require huge datasets and computing power; create 'black box' solutions like ChatGPT.
Opportunity: Significant economic impact and growth projections for AI technologies.
AI Model Types
Supervised Learning: Requires labeled data; used traditionally in trading AI models.
Deep Learning: Uses unlabeled data; can discover patterns independently.
Investment Opportunities in AI
Market Impact: AI projected to significantly boost global economy and specific sectors (tech, semiconductors, software).
Key AI Stocks
Microsoft: First to integrate ChatGPT; advantages through Azure. Market leader position and diversified revenue streams.
Alphabet (Google): Expected to integrate Bard, competitive with Microsoft. Strong position and existing AI investments like Anthropic.
Nvidia: Dominates GPU market for AI; essential for training AI models. High valuation but crucial role in AI adoption.
Taiwan Semiconductors: Fabricates critical chips for AI models, serving both Nvidia and AMD. Provides an alternative investment in semiconductor space.
Other Notable Mentions
Adobe: Leveraging generative AI for creative industries.
Baidu: Chinese equivalent to Microsoft’s Azure for AI services.
Early Adopters: Companies like Shopify, Expedia, and Salesforce integrating AI to increase operational efficiency.
EduTech: Expected negative impact due to AI innovations.
ChatGPT Applications in Trading
Prompt Engineering: Improving ChatGPT responses for trading by providing context.
Technical Analysis Assistance: Example of creating technical indicators using ChatGPT for trading tools like thinkorswim.
Custom Lesson Plans: Leveraging ChatGPT for educational purposes in trading strategies.
Practical Demonstrations
Custom Technical Indicators: Using ChatGPT to develop and implement trading strategies faster and more efficiently.
Lesson Plans for Beginners: Asking ChatGPT to structure comprehensive learning modules.
Advanced Trading Strategies: Using ChatGPT to generate and refine technical strategies through iterative questioning.
Closing Remarks and Future Plans
Plan to share more content on using ChatGPT in trading strategies, ongoing work on backtesting and optimization.
Encourage attendees to explore ChatGPT free accounts and experiment with prompt engineering.
Q&A
Addressed various questions on practical use of ChatGPT, portfolio integration, technical coding, and future sessions.
Conclusion
Invitation to sign up for Options Play’s 30-day free trial for continued trading education.