Sanyatti
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ChatGPT
ChatGPT, a chatbot powered by artificial intelligence, can pick stocks better than your fund manager, analysts say. A recent experiment found that the bot far outperformedsome popular UK investment funds — and funds managed by HSBC and Fidelity were among those selected. Between March and April, a dummy portfolio of 38 stocks gained 4.9% while 10 leading investment funds clocked an average loss of 0.8%, the results showed. The analysts asked ChatGPT to select stocks based on some common criteria, including picking companies with a low level of debt and a track record of growth. Microsoft, Netflix and Walmart were among the companies selected. While major funds have used AI for years to support their investment decisions, analysts say ChatGPT has put the technology in the hands of the general public — and it's showing it can possibly disrupt the finance industry.
ChatGPT, a chatbot powered by artificial intelligence, can pick stocks better than your fund manager, analysts say. A recent experiment found that the bot far outperformedsome popular UK investment funds — and funds managed by HSBC and Fidelity were among those selected. Between March and April, a dummy portfolio of 38 stocks gained 4.9% while 10 leading investment funds clocked an average loss of 0.8%, the results showed. The analysts asked ChatGPT to select stocks based on some common criteria, including picking companies with a low level of debt and a track record of growth. Microsoft, Netflix and Walmart were among the companies selected. While major funds have used AI for years to support their investment decisions, analysts say ChatGPT has put the technology in the hands of the general public — and it's showing it can possibly disrupt the finance industry.