OpenAI unveils ChatGPT ‘Pulse’ — Could it help you trade crypto?

Timothy Wuich
5 Min Read

OpenAI Launches “Pulse” for ChatGPT: A Personal Assistant for Traders

OpenAI has unveiled a new feature for ChatGPT called “Pulse,” which acts as a personal assistant by delivering daily customized updates tailored to user interests. This initiative comes at a time when retail traders are increasingly leaning on AI to assist them with stock selections and cryptocurrency trading.

According to the AI firm, “Since ChatGPT launched, that’s always meant coming to ask a question. There’s magic in being able to simply ask and get answers to help you learn, create or solve problems.” They further noted, “However, that’s limited by what you know to ask for and always puts the burden on you for the next step.”

Introducing ChatGPT Pulse

Pulse provides a new experience where ChatGPT can proactively offer personalized daily updates drawn from your conversations, feedback, and connected applications such as your calendar. Currently, it is rolling out to Pro users on mobile starting today.

The feature synthesizes data from chat histories and direct feedback to identify what is most relevant to each ChatGPT user before sending tailored updates. OpenAI explained, “The research appears in Pulse as topical visual cards you can scan quickly or open for more detail, so each day starts with a new, focused set of updates.”

In a demonstration of this capability, ChatGPT inquired what updates the user would like to receive by the following morning, which could include local news, trail run suggestions, or learning Italian. For crypto traders, updates on market conditions and news will also be available, adding to the regular insights provided by the new Pulse feature.

OpenAI’s CEO, Sam Altman, mentioned in an X post that Pulse is part of their vision to transform ChatGPT from a reactive tool to a more proactive and personalized assistant. Pro subscribers currently have access to a preview version, with plans to extend the feature to Plus subscribers in the future.

As retail traders increasingly rely on AI chatbots like ChatGPT for real-time market insights and trading advice, a survey conducted by fintech research firm Finder in late August revealed that 16% of British investors have utilized AI for stock recommendations, while 15% reported using it for crypto trading tips.

A larger segment of the 2,000 survey participants indicated using AI for personal financial guidance, including budgeting tips and understanding credit scores, totaling 40%. Notably, the use was significantly higher among Gen Zs (aged 13 to 28) and Millennials (aged 29 to 44) at 65% and 61%, respectively.

When asked how it would advise today, ChatGPT suggested allocating $25 in Solana (SOL), $20 in XRP (XRP), $20 in ETH, $15 in BTC, and $20 in Little Pepe (LILPEPE) — a defunct memecoin with a market cap of $269,000. This recommendation highlights the importance of not blindly relying on ChatGPT’s crypto trading tips.

OpenAI has cautioned that its models should not be considered as substitutes for professional financial advice. The reliance on AI tools for crypto and stock recommendations is contributing to a growing robo-advisory market, which consists of automated, algorithm-driven services to help traders with investment decisions.

According to Research and Markets, this industry is projected to expand from $61.75 billion last year to $470.91 billion by 2029, marking a staggering 660% growth. OpenAI mentioned that Pulse can also leverage Gmail and Google Calendar data to draft agendas, share task suggestions, or recommend dining options while traveling.

Pulse presents these recommendations as visual cards that provide users with further details upon opening, and users are encouraged to give feedback via thumbs-up or thumbs-down to enhance Pulse’s personalization and utility.

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