In an interview with Yahoo Finance's Rachelle Akuffo, University of Florida's Warrington College of Business Assistant Professor Alejandro Lopez-Lira said, ChatGPT may be able to help investors trade stocks. Lopez-Ira examined the potential of ChatGPT to predict stock market returns by asking it whether a news headline was good, bad or irrelevant to a company's stock.
"Markets will become more efficient as soon as everyone is using to predict returns," according to Lopez-Lira, who also says "I would definitely be expecting a lot of investment professionals to incorporate this kind of artificial intelligence tools into their analysis,"
Key video moments:
00:00:04 Incorporating AI into stock analysis
00:00:26 Accuracy among largely traded stocks
