Ted Gioia somehow manages not to fall for the ChatGPT con:
The fast-talking hero of the TV show Sneaky Pete hates it when he’s called a con man.
“I’m not a con man”, he insists, “I’m a confidence man.” And that’s actually how the term originated — as “confidence man”. The scam only works because of that happy and confident relationship between criminal and victim.
“I give them confidence,” Pete explains. “They give me money.”
In the ultimate con, victims don’t even know they’ve been conned. They really think they’re sending cash to some gorgeous babe in Moscow, or bought a genuine Rolex, or whatever.
The confidence game is a real art — more than just cheating or lying. Those are boring and pathetic vices by comparison. A con job requires something grander, a fast-talking sureness that always seems to be right, even when it’s dead wrong.
If you’re caught in a lie, you just build a bigger lie to hide it.
Which brings us to the subject of ChatGPT, the AI bot that’s the hottest thing in tech right now.
Judging by my Twitter feed, ChatGPT is hotter than Wordle and Taylor Swift combined.
It’s even hotter than its predecessor Sam Bankman-Fried, who was doing something similar 12 months ago. ChatGPT is just better than SamFTX in every way. It can’t even be extradited — because it’s just a bot.
People love it. People have confidence in it.
They want to use it for everything — legal work, medical advice, term papers, or even writing Substack columns. If I believed half of what I heard about ChatGPT, I could let it take over The Honest Broker, while I sit on the beach drinking margaritas and searching for my lost shaker of salt.
But that’s exactly what the confidence artist always does. Which is:
- You give people what they ask for.
- You don’t worry whether it’s true or not — because ethical scruples aren’t part of your job description.
- If you get caught in a lie, you serve up another lie.
- You always act sure of yourself — because your confidence is what seals the deal.
Am I exaggerating? Is the hottest AI chatbot in the world really doing this?
Instead of offering up my opinions on this, I’ll just share some tweets from knowledgeable observers who are starting to suspect the con.
I’ll let you decide for yourself whether this measures up to a confidence game.
