ChatGPT’s ability to predict stock prices based on news headlines has been demonstrated by a finance professor at the University of Florida. According to Alejandro Lopez-Lira’s unreviewed paper, ChatGPT’s next day return predictions were more accurate than random. With its emergent ability to understand headlines and predict stock prices, ChatGPT may pose a threat to high-paying financial jobs, given that Goldman Sachs estimated 35% of financial jobs could be automated by AI.
Read more at CNBC
Summary
Article Name
Finance Professor Demonstrates ChatGPT's Ability to Predict Stock Movements
Description
ChatGPT’s ability to predict stock prices based on news headlines has been demonstrated by a finance professor at the University of Florida.
Author
Susan Jane
Publisher Name
CNBC
Publisher Logo
