In the last 20 years, scientists have applied AI to examine the financial documents of companies from the S&P 500 list, and the results are impressive: technology has revealed connections between reports of reports and real business indicators that have not been noticed before.
AI analyzed the texts using a natural language processing methods – this is the machine by interpreting the words and human words, emphasizing the basic subjects and moods. For example, companies that use a more optimistic ton in reports have found an increase in profit in the next quarter. Researchers state that such results can help investors and organizers in companies.
According to Professor Daniel O’Liri, who presided on the project, AI does not replace analysts, but completes them, accelerates data processing and emphasizes unexpected tendencies. So far, technology has been tested on historical data, but in the future it can adapt for real -time predictions.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
