ChatGPT can beat the stock market, professor claims
Artificial intelligence (AI) chatbots may be able to correctly predict the movement of stock prices by instantly analysing news headlines, research has claimed.
Experts from the University of Florida analysed the accuracy of ChatGPT, an AI algorithm, at guessing whether a news item would send the price of a share higher or lower.
The researchers found the bot was, in many cases, better at gauging whether a story might move the price than other “sentiment analysis” tools used by financial analysts.
The research, which has not been peer reviewed, compared ChatGPT’s answers about various headlines to real share price movements from historical data.
On historical data, maybe. But LLMs are only useful up to the end of their training period. So to work on current data that means the training period must be current…..