Hello, my name is Laurel Pepworth. Today, I want to discuss a crucial topic for financial planners: whether or not Ted GPT learns from the questions and prompts that you throw its way. Let’s get started.
Before we dive into the topic, I want to mention that I’ll be speaking at the FAA Congress in Adelaide in November. If you’re attending, feel free to come and say hello and ask me any questions you have.
Now, let’s address the question of whether chatGPT learns from your prompts. The short answer is no. GPT does not learn from your prompts, and I’ll explain why.
When you open up a new chat, it is called a chat thread. Each chat thread is kept completely separate from all the others. It’s like having a separate portfolio for each client. Once the conversation is over and the chat thread is finished, GPT forgets everything. It does not hold on to any business information or confidential financial data. The AI does not store information from one interaction to another.
ChatGPT is a stateless architecture, meaning it does not learn or remember your prompts. It is fine-tuned to generate responses based on its training data, but it does not adjust itself based on what you ask. It is like a completely passive fund that follows preset rules.
It is important to note that chatGPT can be used with wrappers, which are third-party tools that sit on top of it. Wrappers add functionality and customization to the GPT experience. For example, a chatGPT wrapper can remember past conversations, financial goals, and client risk tolerance. However, it is the wrapper, not chatGPT itself, that holds this information.
Using wrappers comes with added responsibilities, especially when handling sensitive financial data. Compliance with data protection laws is crucial. As regulations come into play, system cards and model cards are necessary. These cards provide information about the data sets, algorithms, and potential risks associated with using the model. They should be audited, verified, and stored in the blockchain for transparency and accountability.
In conclusion, chatGPT is a powerful tool for financial planners, but it does not learn from your prompts. It offers a steady and reliable experience, but customization and personalization can be achieved through wrappers. As the industry evolves, it is essential to prioritize data privacy, compliance, and transparency. By implementing system cards and leveraging blockchain technology, we can ensure the integrity and trustworthiness of AI models in the financial planning space.
Thank you for joining me on this deep dive. If you have any further questions, feel free to reach out. Stay human!
