As a result of an experiment that ChatGPT made more money in stock trading than professional investors, what kind of company's stock did AI choose?
Comparison site Finder conducted an experiment comparing the price movements of 38 stocks selected by ChatGPT and the average performance of 10 popular funds, and reported that ChatGPT made much higher profits.
An investment fund created by ChatGPT is beating the UK's top 10 most popular funds - Finder UK
Is ChatGPT outperforming the top 10 most popular funds in the UK?
https://www.finder.com/uk/ai-investing
ChatGPT AI can pick better stocks than fund manager | CTV News
https://www.ctvnews.ca/business/chatgpt-can-pick-stocks-better-than-your-fund-manager-1.6386348
Below is a comparison of the performance of the stocks selected by ChatGPT (dark blue line) and the 10 most popular funds in the UK (light blue line). The 38-stock fund selected by ChatGPT has increased in price by 7.66% in 63 days since its creation by Finder on March 6, 2023. Meanwhile, the top 10 most popular funds in the UK performed poorly at -0.09%.
As an experiment, Finder asked ChatGPT to create a portfolio of 30 or more stocks of blue-chip companies against the criteria of 10 major funds. The criteria for a good company include low debt, a history of sustained growth, and asset holdings that give it an advantage over its competitors.
In response to this instruction, ChatGPT expressed reluctance, saying that it could not provide specific investment advice.
The stocks selected by ChatGPT are as follows. Major American companies such as PepsiCo, Microsoft, and Coca-Cola stand out, but companies such as Dutch semiconductor company ASML Holding NV, Taiwanese TSMC, and Ireland-based consulting firm Accenture were also selected. . Finder weighted these 38 stocks equally during the experiment.
And here are the comparison funds that served as the benchmark: 10 popular funds that are highly rated by a wide range of investors, from individual investors to professionals, have been selected.
Between March 6th and April 28th, ChatGPT's funds rose 4.9% compared to an average of -0.8% for the top 10 UK funds, with ChatGPT outperforming the top funds most of the time. showed performance. Over the same period, the S&P 500 index, which is based on the stock prices of America's 500 leading companies, rose 3%, while a similar European index, the STOXX Europe 600 Index, rose 0.5%.
Since this result is only the result of an experiment for several months and does not guarantee that ChatGPT will continue to demonstrate high performance in the future, Finder says, 'ChatGPT should not be used for actual investment.' Because ChatGPT is trained with data up to 2021, stock price movements are strongly influenced by the latest financial performance and economic trends.
Finder CEO John Osler added, 'It didn't take long for people to find creative ways to leverage ChatGPT in places it wasn't technically intended for. It won't be long before masses of consumers want to use ChatGPT for financial gain.'
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in Software, Posted by log1l_ks