BabyAGI and AutoGPT: Apps that are disrupting crypto trading

Since its publication on March 22, the open letter inviting people to sign a petition for a 6-month shutdown of ChatGPT-4 has only collected 22,000 signatures. Proof that Elon Musk and the other tech leaders rallied to his cause have failed? In any case, cryptocurrency traders continue to experiment with ChatGPT and its other variations. Here’s a roundup!

Crypto traders’ excitement about GPT-4

These days, Elon Musk has a lot to worry about. For example, there is the emergence of new competitors like Mastodon and Substack which are starting to disturb the social networking world. Moreover, the arrival of chatbots like ChatGPT does not seem to please him either. That’s why he gathered other tech giants around his petition for a six-month break from this new toy by OpenAI.

It’s hard to believe that tech leaders like Brian Armstrong are not in agreement with this initiative.

In an April 11 publication, Cointelegraph revealed that crypto investors’ interest in technologies built around GPT-4 is growing.

AutoGPT set to 100 runs. Goal: amalgamate best indicators for Crypto trading in Pine code. Result looping errors. Scavenged through output, found enough bits for GPT4 to give me strategy Pine code. 4hr backtested 2018 to now. $25 to $92M. Started test today, currently $1 profit

— Under_the_Valley.MI (@ValleyUnder) April 11, 2023

“Has anyone actually managed to get anything useful out of them?”

“AutoGPT set to 100 runs. Goal: amalgamate best indicators for Crypto trading in Pine code. Result looping errors. Scavenged through output, found enough bits for GPT4 to give me strategy Pine code. 4hr backtested 2018 to now. $25 to $92M. Started test today, currently $1 profit”.

AutoGPT and BabyAGI stand out from the crowd

AutoGPT is an app built on the GPT-4 API that is starting to interest crypto traders. Its particularity is its ability to generate code based on the two latest versions of ChatGPT, GPT-4 and GPT-3.5.

In this way, AutoGPT manages to set up a “virtual artificial memory space” where information will be combined and exchanged.

At the same time, Cointelegraph has also noted the existence of BabyAGI. This is another application that can generate agents able to perform complex tasks in order to achieve a goal. BabyAGI uses GPT-4, Pinecone (vector database) and LangChain (coding framework).

With the help of these two GPT-4 powered applications, there is no need to keep a crypto trading journal. And while enthusiasts are still in the testing phase, many believe in the rise of a standalone trading mode in the near future.