Michael Saylor credits ChatGPT with $15B raised and says 'don't try to outwork the robots'

Michael Saylor said he used ChatGPT to design a Bitcoin-based preferred stock that lawyers and bankers initially questioned because nothing like it existed. Strategy went on to raise roughly $15 billion with it, after exhausting more conventional routes to fund cryptocurrency purchases. His advice: "Don't keep doing the same thing over and over, working harder and harder every year, fighting against the modern automation epidemic. Don't try to outwork the robots." The anecdote is a rare specific claim about an LLM producing a novel financial instrument rather than summarizing one.

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