Bybit Brings In New AI Trading Bot Using ChatGPT

Welcome Back Bull.

As Usual We Have Brought Some Interesting And Thrilling News About Your Favorite Topics — Money And Technology

BULL’S FEED SEPTEMBER 6

• 💹 Bybit’s AI Powered ‘TradGPT’ Debuts

• 🤖 Qualcomm Goes Big In AI And Auto Industry

• 📉 China Might Never Be Able To Become Largest Economy

• 🔥 3 Fire AI Tools That You Might Need

• 📈 Increase Your Productivity With ChatGPT Prompt

• 🤑 This Weeks Side Hustle Might Make You Thousands

Today’s Read Time : 3.5 Minutes

BYBIT
Dubai-based trading platform Bybit has launched its own AI trading Assistant.

Yeah, a huge news for trader all over the world. By using the ChatGPT’s language model and Bybit’s own tools, TradeGPT came into existence this Monday.

Bybit had already launched its super capable “ToolsGPT” earlier in June 2023 and now they’ve finally taken a huge jump. Using ChatGPT and ToolsGPT, Bybit created this sort of Chat Bot that will reportedly make trading a lot more easier,

“An announcement made by Bybit claimed that TradeGPT is capable of offering market strategies and products for strategies being discussed with a user. It also offers unique insights, token prices and market trends.”

This integration provides traders with technical analysis, price data and metrics, as well as generate customized answers to any question.

However, Bybit is not the only trading platform using ChatGPT for market analysis and further assistance.

Seems like they got quite a competition going on.

Crypto launched its own ChatGPT-powered user assistant in May 2023.

OKX also integrated EndoTech’s AI tools.

Solana also launched ChatGPT powered tool.

QUALCOMM
Mercedes And BMW Will Be Provided AI Powered Chips By Qualcomm

As Nvidia dominated the AI Chip market for mobiles and other tech products, Qualcomm seems to have changed their path. Now, they are targeting the Auto market by providing AI chips for BMW and Mercedes.

Well, Qualcomm recently saw a slump in the mobile market and an increase in the Auto Market, hence making a smart move.

Now in the new models of Mercedes e-class and the news BMW, we will surely see the AI Chips in action. From Voice commands to in-built display features, It’s reported that these chips will be an essential part of the cars.

But what is in there for Qualcomm ? Well, the CEO of Qualcomm, Cristiano Amon say that they are reported to see a $4 Billion rise in the company’s revenue by 2026 and $9 Billion by the end of decade.

Guess it’s good time to buy a Qualcomm Share.

However, it doesn’t mean that it’s going to be this easy for Qualcomm to compete in the AI Auto market. With Tesla already dominating self-driving cars and AI in general, its going to be really hard for Qualcomm to enter AI Auto.

CHINA
China’s Economy Slows Down, What’s The Reason ?

China's economic slowdown stems from multiple factors. First, unlike Western consumers, Chinese citizens were left to fend for themselves during the COVID-19 pandemic, dampening the expected revenge spending spree. Additionally, softening demand for Chinese exports, due to rising liSoucving costs in key trading partners, has contributed.

The biggest concern lies in China's real estate sector, with approximately 70% of household wealth tied up in it. A sharp slowdown in this sector is negatively impacting the broader economy.

The crux of the issue is low household spending as a percentage of GDP. This structural imbalance, compounded by weak domestic demand, is pushing the private sector into subdued investment and even deflation, which could exacerbate the economic downturn.

To address the slowdown, economists recommend boosting household consumption through measures like consumer vouchers, tax cuts, wage growth, and a stronger social safety net. Structural reforms may be necessary, with hopes pinned on a key party conference in December for more profound changes.

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CHATGPT PROMPT
Generate Human Like Content For Blog Posts Completely Free.

Hey ChatGPT, regarding generating writings content, two factor are crucial to be in the highest degree, 'Perplexity' and 'burstiness'. Perplexity measures the complexity of the text. Separately, burstiness compares the variation in sentences. Humans tend to write with burstiness, for example mixing some longer sentences with shorter ones. Therefore the generated content must have highest degree of Burstiness and perplexity. The other factors are that writing should be maximum contextually relevant and maximum coherent.

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