In addition to helping users by answering questions and performing tasks in a wide variety of areas, HE ChatGPT can also be used in the financial world. Its application in the industry has begun to be explored and has shown good results recently.
Artificial intelligence by researchers Deciphering the contents of Federal Reserve publications (Fed, central bank of the United States). A test was also conducted to determine whether the news would be published. good or bad for the stock market.
OpenAI’s chatbot did well on both assessments, being able to interpret the texts and predict the stock price. Clear, Using an AI language model to create strategies is not new to Wall Streetbut it shows the capacity and level of ChatGPT.
promising results
The first survey was done by academics at the Fed. Similar to the bank’s analysts, the robot approached humans when it came to figuring out what the US agency was trying to say with the communications.
The other study was conducted by researchers at the University of Florida. They asked ChatGPT to “pretend” a financial expert and interpret industry news headlines after 2021 (used in AI training last year).
During the analyses, The chatbot was able to give answers about the next move of the shares.. Thus, by accurately predicting the behavior of roles after the news, he highlighted the potential of ChatGPT to speed up the process of language models.
With the rapid development of the OpenAI tool, it should come as no surprise that ChatGPT soon becomes useful to anyone working in the stock market.
Source: Tec Mundo
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