Can ChatGPT help you trade stocks?

Yahoo Finance Video
439,199 次觀看・1 年前

ChatGPT has taken the world by storm, reaching nearly 100 million users in just two months. Since its launch, many users have made their own customizations to sidestep the human-built guardrails governing what the bots can and can't say.

In an interview with Yahoo Finance's Rachelle Akuffo, University of Florida's Warrington College of Business Assistant Professor Alejandro Lopez-Lira said, ChatGPT may be able to help investors trade stocks. Lopez-Ira examined the potential of ChatGPT to predict stock market returns by asking it whether a news headline was good, bad or irrelevant to a company's stock.

"Markets will become more efficient as soon as everyone is using to predict returns," according to Lopez-Lira, who also says "I would definitely be expecting a lot of investment professionals to incorporate this kind of artificial intelligence tools into their analysis,"

Watch our full conversation with Alejandro Lopez-Lira here.

Key video moments:

00:00:04 Incorporating AI into stock analysis
00:00:26 Accuracy among largely traded stocks