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Can OpenAI’s ChatGPT-4 Turbo Predict Crypto Prices?

Key Takeaways
  • Open AI launched ChatGPT 4 Turbo It's more capable, cost-effective, and offers a 128K context window
  • It is launched with a groundbreaking Assistant API and the incorporation of multimodal capabilities
  • For serious, knowledge-rich, and cost-effective, precision-based tasks, can ChatGPT-4 Turbo be a good option for crypto price forecasting?
08-Nov-2023 By: Surabhi Uprit
Can OpenAI’s ChatGPT

ChatGPT 4 Turbo For Crypto Price Forecast

OpenAI's ChatGPT-4 Turbo has entered the scene. Crypto enthusiasts are abuzz with curiosity about its potential impact on digital assets. An enhanced version of the GPT-4 Turbo model is launched with groundbreaking Assistants APIs and the incorporation of multimodal capabilities. In this journey, we'll explore the latest iteration of ChatGPT and seek the most important question for the crypto era. Will ChatGPT 4 Turbo predict better crypto prices for investors?

The story begins with a notable feat. The audacious endeavor of auditing an Ethereum contract Yes, you heard it right. ChatGPT-4 Turbo can help audit Ethereum contracts. A clever Twitter user took the plunge and demonstrated the model's capabilities in this regard. It's a remarkable example of how this AI powerhouse can be harnessed for practical tasks within the world of blockchain and cryptocurrency.

One of the most exciting aspects of ChatGPT-4 Turbo is its heightened accuracy and comprehension. It can grasp complex situations and tackle more substantial queries. To unlock the potential, we need to explore how innovative prompt engineering techniques can shape the future of ChatGPT.

OpenAI GPT 4 Turbo is Available to Subscribers

Here's what you need to know:

1. GPT-4 Turbo: It's more capable, cost-effective, and offers a 128K context window. This means it has knowledge up to April 2023 and can understand extensive prompts. It's also cheaper, with 3x lower input token prices and 2x lower output token prices compared to GPT-4.

2. Function Calling Updates:  You can describe app functions and have the model intelligently provide arguments. Now, you can call multiple functions in a single message, improving efficiency and accuracy.

3. Improved Instruction Following: GPT-4 Turbo excels at tasks requiring precise instructions and supports JSON mode for structured outputs.

4. Reproducible Outputs: A new seed parameter ensures consistent responses, making it easier for debugging and unit testing.

5. Log Probabilities: Coming soon, this feature will be handy for building search features like autocomplete.

6. GPT-3.5 Turbo: A new version offers a 16K context window, improved instruction following, JSON mode, and parallel function calling. Upgrades automatically on December 11.

7. Assistants API: It's designed for building AI agents within applications. Assistants are customized AIs with specific instructions. Features include Code Interpreter, Retrieval, and function calling.

8. New Modalities in the API:

  • GPT-4 Turbo with Vision Processes images and enables tasks like generating captions and analyzing images in detail.

  • DALL·E 3: Programmatically generates images for applications.

  • Text-to-Speech (TTS): Generates human-quality speech from text.

9. Model Customization: OpenAI is working on fine-tuning for GPT-4, but it's in the experimental phase. They're also launching a Custom Models program for extreme customization.

10. Lower Prices and Higher Rate Limits: OpenAI is reducing prices, making it more cost-effective. Also, they're doubling the tokens per minute limit for paying GPT-4 customers.

11. Copyright Shield: OpenAI will defend customers and cover legal costs for copyright infringement claims.

12. Whisper v3 and Consistency Decoder: Whisper ASR model has been improved and will be supported in the API. They're also open-sourcing the Consistency Decoder, enhancing various images and visuals.

The answer lies in innovative prompt engineering techniques. Developers and enthusiasts can leverage ChatGPT-4 Turbo's profound knowledge to create prompts that extract insights, analyze market trends, and forecast prices. With its enhanced accuracy and broad context understanding, ChatGPT-4 Turbo is well-positioned to provide valuable inputs for predicting crypto prices.

The potential applications are vast. Investors can use these AI models to generate insightful prompts for price predictions, factoring in market conditions, news events, and even sentiment analysis from social media. ChatGPT-4 Turbo can comprehend and process an extensive context, making it adept at considering various influencing factors.

The AI can analyze historical data, interpret current market dynamics, and offer predictions based on the information at its virtual fingertips.

The future holds the promise of exciting innovations in prompt engineering, paving the way for more precise and engaging discussions on cryptocurrency prices. 

Also Read- OpenAI Launches 'Preparedness' Initiative to Check AI-Related Risks