ChatGPT was even able to explain its classifications of Fed policy statements in a way that resembled the central bank’s own analyst, who also interpreted the language to act as a human benchmark for the study
Two new papers have been published this month that deployed the artificial intelligence chatbot in market-relevant tasks one in deciphering whether Federal Reserve statements were hawkish or dovish, and one in determining whether headlines were good or bad for a stock.
The first wave of academic research applying the artificial intelligence bot to finance reveals it can also tell whether the Federal Reserve is being hawkish.
The first wave of academic research applying ChatGPT to the world of finance is arriving - and judging by early results, the hype of the past few months is justified.
ChatGPT-like models may predict stock prices, public opinion theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.