[DDIntel] Changing the Game with Prompt Engineers, ChatGPT, and Web3

DataDrivenInvestor

Feb 25, 2023

The rapid development of AI and machine learning is altering the software development industry. Software developers' roles change with AI technology. The Prompt Engineer is a developer and system builder who makes use of language models like OpenAI's ChatGPT.

The primary role of the prompt engineer is to use AI to create code and construct systems. Writing code snippets, performing tests and debugging, and working with software developers to ensure that solutions meet specifications are all parts of this. Great prompts are fundamental for finding solutions from language models, requiring a profound comprehension of regular language handling, language capability, and scrupulousness.

A background in software development or computer science is required for the position. However, abilities in problem-solving and critical thinking are more important than technical skills. The ideal candidate ought to be able to identify the requirements of the project and use GPT-3 to produce solutions of high quality. Additionally, they should be able to communicate effectively and collaborate effectively with others.

For high-quality solutions, a Prompt Engineer and software developer need to work together. Organizations looking to incorporate AI into software development projects may find that hiring a prompt engineer is a cost-effective option. Due to their highly skilled use of AI, they may be paid less than traditional software developers. However, the ability of prompt engineers to work on multiple projects at once will most definitely improve efficiency.

For even more cost savings and efficiency improvement, the Prompt Engineer and Business Developer roles can be combined. This hybrid role has the potential to save development and business development money by spotting new business opportunities and coming up with creative solutions to meet them.

The Prompt Engineer

OpenAI's ChatGPT competes with Google's language processing technology and the company's recent announcement of their experimental conversational AI service, Bard. Some have speculated that ChatGPT could revolutionize education, work, and everyday life due to its popularity and ability to provide coherent and clear answers to complex questions. Google, on the other hand, has been working on its language processing technology since 2017 and has continued to develop performance-enhancing methods.

Bard, Google's most recent product, responds to user queries with accurate, high-quality information from the web. The lightweight model version of Google's Language Model for Dialogue Applications (LaMDA), which requires significantly less computing power than the full version, is being used for the initial rollout. Google intends to use both internal testing and external feedback to guarantee that Bard's responses are of high quality, secure, and accurate.

Google has taken action as a result of the rivalry between Microsoft’s ChatGPT and their language processing technology; as a result, they plan to soon introduce Search features powered by AI. These highlights will take complex data and distill it into a configuration that is straightforward so clients can rapidly find and comprehend whatever they are searching for and attempting to learn. In general, the future landscape of work, business, and education will likely be shaped by these new developments in language processing technology. This new advanced technology will surely change the world as a whole.

Google’s Comeback To ChatGPT

But let’s not leave all of our attention drawn to the AI field. While it’s an awesome field that has the potential to change the world as we know it, there are also other fields that have this potential.

For example, Web3 has the potential to be the internet's next big thing, and it could significantly change our world for the better. It is superior to the way our current web works, as it is less centralized and gives you more control over what you do online. Right now, everything online is controlled by a small number of large corporations; however, with Web3, everyone can participate in its management.

Web3's best feature is that it can use blockchain technology to create decentralized apps. You can have faith that your information is safe because this keeps everything extremely secure and does not require intermediaries.

It has the potential to benefit numerous industry sectors. For instance, video games will be significantly improved because you will be able to actually own the items you purchase. Also, doctors won't have to worry about sharing medical records with the wrong people, as data transactions will be much more secure.

Because you can earn digital badges and certificates that employers can verify, Web3 will also bring a significant change in education, as online courses will be much more appreciated, and anyone will be able to learn almost any skill online. Also, because you won't need to use payment intermediaries, e-commerce and finance, in general, will be safer and more transparent.

Web3 has the potential to improve everything we do, in significant ways. So keep an eye out for this emerging technology, as you will surely hear more about it in the future.

Changing the Game with Web3

If you are into Web3 that means you are most likely also interested in crypto and DeFi too. In that case, you must learn more about Flashtake and Flido.

Flashstake is a one-of-a-kind DeFi protocol that gives investors in cryptocurrencies access to early returns on their deposits. This means that users won't have to wait for the typical lock-up period to end in order to receive the yield they would normally earn in the future when they deposit their crypto. In order to maximize yield, the protocol pools user deposits into a yield pool and invests them in various DeFi protocols like Aave, Yearn, or Lido. With the exception of a small fee, users can withdraw the future yield immediately.

Flashstake's simplicity and ease of use are among its greatest advantages. Users will have an easier time comprehending the protocol's operation and usage if comprehensive documentation is provided. The stETH holders who use the Flido platform, which is derived from Flashstake, can deposit their cryptocurrency and immediately receive future yields, making it even more convenient for them. Peckshield and Openkertify conducted audits of the protocol, giving users additional assurance regarding its security and dependability.

When using Flashstake or Flido, however, there are a few potential drawbacks to keep in mind. Because the protocol relies on the successful operation of other DeFi protocols like Aave, Yearn, or Lido, risks associated with smart contracts are always a concern. In addition, the TVL is still relatively small in comparison to other protocols in the DeFi space, which may indicate that the platform is not being promoted or known about.

Flido and Flashstake

This week’s DDIntel is centered around the technologies of the future, in our significantly more digital era. While the articles above are among the most interesting DataDrivenInvestor and DDI Medium articles this week, we also have quite a few fascinating articles below, written by some of our best writers. Be sure to check those out! Until next week!