The hallucinations are simply a mirror of a community that thrives on this nonsense. When nothing is real, you can’t blame the LLM for not figuring it out.
Words and their historical contexts aside, systems which are based on optimization can take actions which can appear like intermediate lying to us. When deepmind used to play those atari games - the agents started cheating but that was just optimisation wasn't it? similarly when a language based agent does a optimisation, what we might perceive it as is scheming/lying.
I will start believing that LLM is self aware when a research paper from a top lab like Deepmind/Anthropic put such a paper in a peer reviewed journal. Otherwise, it's just matrix multiplication to me so far.
IMO a much better framing is that the system was able to autocomplete stories/play-scripts. The document was already set up to contain a character that was a smart computer program with coincidentally the same name.
Then humans trick themselves into thinking the puppet-play is a conversation with the author.
To lie, you have to know that you are not telling the truth, and arguably have to be able to held accountable for that action.
It's easy to babble a series of untruths, but lying requires intention, which requires an entity that can be recognized as having intentions.
I'd argue that ChatGPT's lack of a cohesive self prevents it from lying, no matter how many untruths it creates.
It's kind of like a manufacturer of Ouija boards promising that they'll fix the "channeling the wrong spirits from beyond the mortal plane" problem. It falsely suggests that "normal" output is fundamentally different.
Me, I always regarded technical analysis as drawing pictures in clouds.
If any of those analysts were worth spit, they'd be working for a hedge fund, not the network.
Well phrased and it's how the stock market works, not only by technical analysts but everyone else playing: make a story in your head, place your bets, majority rules.
Some even believe that's how reality works in general. Sometimes belief or need could be a factor[0].
[0] https://www.guinnessworldrecords.com/news/2012/9/norwegian-f...
It's based on the Law of Supply & Demand, which is always in play.
All those lines do actually mean something, so long as the market is in agreement as how to draw them.
FWIW these bots aren't doing the lines stuff, they are purely sentiment traders.
The markets are made of a finite and sometimes very small number of participants that may have their own reasons for buying and selling unrelated to company performance. Figuring out what they will do is the basis.
Maybe Bob is looking to sell a lot to free up cash for private jet. Maybe Alice buys every month the same day like clockwork as she gets her paycheck. Maybe Charlie thinks the stock can't go about $50 and will take profits at $49. Maybe Debbie regrets not buying and is likely to fomo buy soon.
Probably can't figure this out one by one, but can in aggregate.