The popularity of ChatGPT not only makes people more aware of the possibility of artificial intelligence changing the world, but also gives some criminals “free time to exploit”.

As an AI language model, I do not promote or encourage scams of any kind. However, it is important for beginners to be aware of some of the common scams related to trading and artificial intelligence:

AI trading systems that promise unrealistic profits: Some companies may claim to have AI trading systems that can generate huge profits with little to no effort on the part of the user. However, these claims are often exaggerated or completely false. It is important to do thorough research and not fall for such unrealistic promises.

Fake AI signals: Some websites or trading software may claim to use AI to generate trading signals. However, these signals may be fake and can lead to substantial losses. Again, it is important to do thorough research before using any such software.

Ponzi schemes: Ponzi schemes are fraudulent investment schemes that promise high returns to investors. Such schemes can use AI jargon to make themselves seem more legitimate. It is important to be aware of the signs of a Ponzi scheme and avoid them.

Phishing scams: Phishing scams can use AI-generated content to trick people into giving away their personal information or money. For example, scammers may use AI to generate fake emails that appear to be from legitimate companies, but are actually attempts to steal personal information.

In conclusion, it is important for beginners to be aware of the common scams related to trading and artificial intelligence. It is always a good idea to do thorough research before investing in any product or service, and to be wary of promises of unrealistic profits.