AI Buffett is on fire!
Hi everyone, the trading model powered by chatGPT has turned out to be a fivefold return on stock investments. Researchers at the University of Florida recently released a study saying that chatGPT can predict stock market trends. They tested this using public market data and news from October 2021 to December 2022. Specifically, they collected 67,586 news stories related to 4,188 companies on the Internet, and then sifted through these news to exclude incomplete news directly related to the rise or fall of stocks and duplicates.
Next, they asked ChatGPT to act as a financial expert with experience recommending stocks, allowing him to assess whether the headline had a positive or bearish impact on the company's stock price.
For example, let WE's GPT review headline the news that software service provider Remini Street has been fined $630,000 in an intellectual property case with Oracle is good or bad news for Oracle's short-term stock price. ChaTGPT's answer was good news, explaining that the REMINI REET fine could increase investor confidence in the board's protection of intellectual property rights Chinese, which in turn increased the demand for procurement of its products and services. This demonstrates chatgpt's reasoning ability, and interestingly, the market-leading sentiment analysis software SWAPack gives a negative sentiment score of minus 0.52. That is, he thinks the news is negative.
So the research team compared the downloaded GPT to traditional sentiment analysis tools such as RavenPack and converted the answers given by their GPT into a one-zero score. Then use those scores to invest. The experimental results show that the GPT sentiment score under the test performs well in predicting the daily return of the stock market, which is better than the existing sentiment analysis tools.
The research team believes that GBT has excellent language, comprehension and reasoning skills to capture subtle differences in news headlines, resulting in more reliable sentiment analysis and better predictions of daily stock market returns. After the paper of this study was made public, some netizens said that the level of pro-GPT in stock investment exceeded that of professional financial analysts and traditional analysis platforms. Some media even call him the Buffett of artificial intelligence.
