Can ChatGPT forecast stock market and Fed pronouncements?

Studies say ChatGPT Can forecast stock market and Fed pronouncements

Image source Google webstory media

[{"selector":"#anim-eeca5ecd-b5d9-4003-96f2-542ab5f7c7a6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.42187489333662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] ChatGPT has shown the ability to anticipate stock market swings based on company news and interpret statements made by the Federal Reserve. Image source Google webstory media

[{"selector":"#anim-2b9723d6-4729-4b5f-8175-7095b00b00f7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-93f1f375-d1e7-4506-af0c-6675e2b666a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-93892f25-2159-467f-bbe0-45056c063ee6","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc43e07c-b764-4553-868d-66d0f9f304e9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ddf8838-ebd5-4e98-940e-64a57c3c1bd3","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The AI was tested by researchers at the Richmond Federal Reserve, where it was able to classify statements into five categories. Image source Google webstory media

[{"selector":"#anim-a86472d0-3a4e-40e6-b079-28ba67a4ec47 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2bb2cb4a-effe-4580-99ee-3c776b831438","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bbc83545-8b48-4f39-acfc-82b518e228ee","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0cda265-d7c0-46b7-a08d-4423684f4f4e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a955ee1-96ea-495f-bf31-b91645558a95","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The AI's classifications matched those made by human readers more accurately than previous models. Image source Google webstory media

[{"selector":"#anim-3b7b4090-38b4-4a98-8eb2-f51da94b3ed2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.42187489333662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5580010f-4878-4e3b-a54e-26ef59e15b83","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e452d178-bfd7-4e26-86fc-5414eb0941e0","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b01a708-2d4b-454d-b7e5-96d051a2fa62","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe565cc0-954e-45d3-a241-03357aee077d","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] ChatGPT-4 wrote a hawkish statement regarding the committee's balance sheet normalization program, indicating tightening monetary policy. Image source Google webstory media

[{"selector":"#anim-d85f99a2-0c90-4e9e-af43-d992d0cf6640 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c681eeea-a343-4c2b-a3c9-bd81d3234cc0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e00d1a0-5e61-41a6-938d-44e2245232ac","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80a9f9b3-5cdc-4570-96f6-321edf84923a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb7ecd24-3980-47da-b57a-c5c012539919","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A study at the University of Florida found that ChatGPT can forecast stock market movements based on public announcements made by corporations. Image source Google webstory media

[{"selector":"#anim-610b733b-efe9-40fd-8906-976d25630482 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-24d53c3a-21fc-4b87-b63d-55959bf5cacd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b4a486fb-fc55-460b-bc1e-cd003620a924","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-38e24ced-d6cc-4d84-9550-aa3448b40ff1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1dc79f93-599d-4948-b5be-cdb1835cf063","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The AI demonstrated a strong ability to forecast movements and performed better than conventional methods of sentiment analysis. Image source Google webstory media

[{"selector":"#anim-c036fb72-49fe-408b-b94e-ed77c467d8b8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db310ba0-9f57-4c81-97e8-eee2146848f3","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3141a10-e967-407e-bb9d-26ebbdd8143f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54b85f48-9074-4570-a441-52b236c9312b","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c86384d3-f9b5-4f0f-9f6c-25a453dffb7c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The team noted that the integration of AI analysis into trading methods is expected to become the industry standard in the near future. Image source Google webstory media

[{"selector":"#anim-7e42850b-3df9-4201-a0ee-4da6b500880e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-311f7a09-c7c2-4498-ac19-ba80e65880aa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5e8a486-c9ba-40de-b467-6dd8ac657c1c","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27b43ef4-dca2-4e6f-8280-afdb82567e30","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a0fdd805-e911-4baa-89a3-bd17bdf2b861","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] ChatGPT and other language model AIs have recently become popular, and companies are exploring how these technologies can be used. Image source Google webstory media

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[{"selector":"#anim-6f117bdf-a93a-40ee-aa94-4adf206ea966 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e9ea055d-47f1-4a58-8174-29077c36ffd4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-081b59b9-d663-4764-afb1-4d9e953b515a","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fdf4e706-0da8-4167-b5b3-0ed008815d5f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48568f1e-d9b3-4286-b261-898ce0a2c652","keyframes":{"transform":["translate3d(-108.80682%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image source Google webstory media Click here to Join Now