re: Take answers from ChatGPT with a grain of salt. I tested it with a mortgage chart query.

What did you ask it specifically? Here's what I did:

quote:

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>produce a chart with the mortgage rates from 2001 to present day

ChatGPT
>I can't create visual charts directly, but I can provide you with data on historical mortgage rates from 2001 to the present day, which you can then use to create a chart with tools like Excel, Google Sheets, or any other data visualization software.

Here’s a general overview of the average 30-year fixed mortgage rates in the U.S. from 2001 to 2024:

2001: 6.97%
2002: 6.54%
2003: 5.83%
2004: 5.84%
2005: 5.87%
2006: 6.41%
2007: 6.34%
2008: 6.03%
2009: 5.04%
2010: 4.69%
2011: 4.45%
2012: 3.66%
2013: 3.98%
2014: 4.17%
2015: 3.85%
2016: 3.65%
2017: 3.99%
2018: 4.54%
2019: 3.94%
2020: 3.11%
2021: 3.09%
2022: 5.55%
2023: 6.54%
2024: 6.65% (as of mid-year)

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This isn’t especially surprising. ChatGPT doesn’t have a way to access the actual data. It’s just giving you what it “thinks” a mortgage rate chart from 2010-now should look like based on its training.

With how ChatGPT is currently implemented, it really shouldn’t be possible for it to create an accurate chart of something like this (unless they gave it direct access to a search engine and I missed it). Once it’s able to actually parse data in real time, it will be a lot more useful for this type of query. I’m not sure if the Bing implementation can do this or not (create images based on content of search results) but that’s where it’s all going in the near future.

But that is indeed something you have to watch out for with GPT - it will often give you very confident answers even when there’s absolutely no way it’s capable of being accurate.