ChatGPT may be able to predict stock movements - Here's how
Big language models could be advantageous in predicting stock prices. Researcher recently employed ChatGPT to analyze news headlines and determine if they have a positive or negative impact on a stock.
In a turbulent era marked by pandemics, bank collapses and many other unprecedented events, AI models may prove useful while forecasting stock prices. A finance professor with the University of Florida recently used ChatGPT to parse news headlines for whether they’re good or bad for a stock. And while the method is far from perfect at present, his findings suggest that ChatGPT may soon put high-paying financial jobs at risk.