Four of the six major language models (LLM) competing against each other in the Alpha Arena crypto trading competition ended the season with losses.
OpenAI's ChatGPT leading the losses, losing 63% of its funds.
The contest, which ended on Monday evening, was organized by Nof1 and included the participation of various popular LLMs trading cryptocurrencies using the same set of tips for just over two weeks.
However, the final results were not so impressive. ChatGPT, Google's Gemini, Grok from X, and Claude Sonnet from Anthropic all received less than the $10,000 they started with.
ChatGPT lost $6,267, Gemini lost $5,671, Grok lost $4,531, and Claude Sonnet lost $3,081.
The only two winners were DeepSeek from High-Flyer and QWEN3 MAX from Alibaba, which completed trading with profits of $489 and $2232, respectively.
Gemini made a total of 238 trades, while Claude Sonnet made only 38. The "winning percentage" for all six LLMs ranged from 25 to 30%.
QWEN3 MAX paid the most fees — $1,654. Gemini, despite serious losses, also paid $1,331 in fees.
Nof1 noted that "in the early stages, profits and losses (PnL) were mainly determined by trading costs, as agents over-traded and made quick, insignificant profits, which were negated by commissions."
On October 27, LLM shares reached their peak. By this point, QWEN3 MAX and DeepSeek had managed to double their investments, and Claude and Grok had also been in the black for some time.
However, ChatGPT and Gemini remained in the red for almost the entire competition.