A chatbot powered by AI, ChatGPT, outperformed top UK investment funds in an experiment conducted by finder.com. Between March and April, a dummy portfolio of 38 stocks selected by ChatGPT gained 4.9% while 10 popular investment funds experienced an average loss of 0.8%. Finder’s CEO predicts an increase in consumers using ChatGPT for financial gain. Investment funds are overseen by fund managers who decide how to invest pooled money from multiple investors.
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Summary
Article Name
ChatGPT Outperforms Fund Managers in Stock Picking
Description
A chatbot powered by AI, ChatGPT, outperformed top UK investment funds in an experiment conducted by finder.com.
Author
Susan Jane
Publisher Name
CNN
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