Making money with ChatGPT.

Some users are prompting ChatGPT ways to make money.

How to use ChatGPT to make money

  • More users are turning to ChatGPT for ideas to make more money. 
  • Unfortunately, what they don’t realize is that the app can guide them to achieve their goals and not do it for them. 

Over the past few months, there have been reports of how individuals have been using ChatGPT to make money. This includes prompting the AI chatbot to give advice on which stocks to invest in as well as suggestions for the lottery.

Today, there are hundreds of videos on YouTube and TikTok explaining how ChatGPT can be used to make money. There are even courses for how to use ChatGPT to make money. While some are purely for entertainment purposes, a few have been interestingly successful in generating some money. In fact, while many have stated that the suggestions provided by ChatGPT may be outdated, especially when it comes to investing in the stock market, there have been some success stories. In Singapore, an individual used ChatGPT to make money by prompting it to generate winning lottery numbers.

The individual decided to try out the suggestion with the AI-generated numbers on an SG$ 2.4 million draw. Interestingly, while he did not win the main draw, ChatGPT was able to match three of the winning numbers, winning him a small amount. Since his story went viral, more people have been using ChatGPT and other AI tools to make money – or trying to.

We decided to ask ChatGPT the same and here’s what it had to say:

“As an AI language model, I must emphasize that I cannot directly provide you with a guaranteed method to make money using ChatGPT. However, I can offer some general suggestions on how you could potentially leverage your skills and the capabilities of ChatGPT to explore various opportunities.”

Can you use ChatGPT to make money?

Here are six ways ChatGPT can be used to make money. (Source – Shutterstock)

Using ChatGPT to make money

So how can ChatGPT and other AI tools help people make more money? Prompting the tech to give a solution is not the right way. Instead, using ChatGPT to generate income would seem like a better approach today.

As such, here are six ways ChatGPT can be used to make money.

  1. Content Creation: Even before ChatGPT, content creation has been an easy way for many users to make a quick profit. With ChatGPT, users can generate high-quality content for blogs, websites, or social media platforms. In fact, many businesses and individuals are already using ChatGPT to create content. Some are even willing to pay for well-written articles, blog posts, social media updates, and product descriptions.
  2. Virtual Assistant Services: Chatbots have been around for almost a decade. With ChatGPT, businesses can improve their virtual assistant services. This includes handling tasks such as customer support, email management, appointment scheduling, and data entry. Individuals or freelancers can also collaborate with businesses or professionals who need assistance with their daily operations.
  3. Language Translation: One of the biggest use cases for ChatGPT is the ability to understand voice commands. Translators, for example, can use ChatGPT’s language abilities to provide translation services. They can translate written content or even offer real-time interpretation services for conversations or meetings.
  4. Online Tutoring or Consultation: In the past, one would need professional certifications to be a tutor or consultant. However, with ChatGPT, users can utilize their expertise in a particular subject or area and offer tutoring or consultation services online. They can assist students, professionals, or individuals seeking guidance by providing personalized, AI-enhanced sessions using ChatGPT.
  5. Chatbot Development: For developers, they can also develop AI-powered chatbots for businesses that can handle customer inquiries, provide information, or assist with basic tasks. They can use ChatGPT to train and improve the chatbot’s conversational abilities.
  6. Creative Writing Support: For writers, they can use ChatGPT as a tool to brainstorm ideas, overcome writer’s block, or receive feedback on their work. Writers can also offer services to others who may require assistance in their creative writing endeavors.

Apart from ChatGPT, other generative AI tools, like Google Bard for example, can help users come up with ideas or content and potentially improve their skills.

Verify the information

Users need to understand that the information provided by ChatGPT may not be entirely accurate. ChatGPT itself has stated that the information it provides may at times need additional checks.

When it comes to making money with ChatGPT, while the chatbot is not able to directly give information about which stocks to invest in, users have been prompting the service for predictions and even possible scenarios. Again, all the information provided by the chatbot requires verification.

The chatbot itself advises users to verify some information, especially when it comes to financial advice. Users can ask ChatGPT how to invest money and the chatbot will most likely suggest several avenues. However, it will also remind users of factors they should consider when making the decision.

For example, a prompt on ChatGPT asking how to invest US$1000 resulted in the chatbot stating a few ways of investing. In the end, it said this:

“Remember, investing involves risks, and there are no guarantees of returns. Diversification, thorough research, and a long-term perspective are key to successful investing. It’s always a good idea to consult with a financial advisor who can provide personalized advice based on your specific financial situation and goals.”

It is not easy for ChatGPT to make money.

A sarcastic Tweet on asking ChatGPT to make money.

Cybercriminals are also using ChatGPT to make money

Now, here’s where it gets even more interesting. While most users are still trying to figure out how they can use ChatGPT to increase their wealth, cybercriminals have been doing this for a much longer time.

In fact, cybercriminals are already finding numerous ways to exploit ChatGPT and other generative tools to their own benefit. When it comes to making money, here are three ways cybercriminals are successfully leveraging ChatGPT.

Social engineering: Cybercriminals are using AI-generated messages to conduct sophisticated social engineering attacks by impersonating individuals, organizations, or customer support representatives to deceive and manipulate unsuspecting users into revealing sensitive information or performing actions that compromise their security.

Phishing and spam: AI models can be used to generate convincing phishing emails, messages, or spam content. By leveraging natural language capabilities, cybercriminals can create personalized and persuasive messages that trick individuals into clicking on malicious links, downloading malware, or providing personal information. Reports have shown that some of these emails are becoming harder to detect, especially with the AI capable of mimicking even the writing style of actual content.

In fact, a report by CheckPoint Research showed major underground hacking communities using OpenAI to develop malicious tools. Some of the cases uncovered by the researchers showed that many of the cybercriminals actually have no development skills at all. They are relying purely on OpenAI to generate the content needed to run their activities.

Automated attacks: ChatGPT or similar models can be used to automate certain types of attacks. For example, they can be programmed to perform brute-force attacks, password cracking, or vulnerability scanning on a large scale, making it easier for cybercriminals to compromise systems. The AI models can be trained to analyze vulnerabilities in computer systems and generate customized malware or exploit code. This can make it more difficult for security systems to detect and defend against these threats.

Different users are using ChatGPT to make money.

The different types of people using ChatGPT for various reasons. (Source – AFP)

Making the right decision 

“Remember, financial success is a journey that requires effort, perseverance, and making informed decisions. It’s important to define what wealth means to you and to pursue it in a responsible and balanced manner, considering both financial well-being and personal fulfillment.”

Some wise words from the AI chatbot when prompted further about the best ways to make money off it. While technology can be utilized to generate more income, the process is not as simple as it seems. Users will need to be vigilant in their financial decisions and be aware of the information they are using from chatbots.

While there will still be some who will continue to fall for get-rich scams and financial predictions supposedly from the chatbot, the reality is, technology is only there to guide everyone in their decision-making process. With the right amount of data collected, users can finally make the right decisions and may not rely on ChatGPT to just help them make money but utilize the AI chatbot for a lot more use cases that can be beneficial to them.