Bull Session | Will You Use ChatGPT in Making Trading Decisions?
OpenAI's ChatGPT, the latest application of artificial intelligence, recently sparked worldwide interest. The use of ChatGPT has been considered a revolution not only for a chat tool or search engine but also for many other industries.
Many people have started to worry that the development of AI will threaten their jobs. In the financial industry, salespeople feel the most stress about AI tools, followed by traders, according to the Bloomberg MLIV Pulse survey. Only 20% of participants who work as researchers, strategists, and economists think AI will replace their jobs. More than 2/3 of 292 respondents believe their jobs won't be at risk of AI replacement anytime soon.
Investors have also been asked if they will include Al in their works, while the results turn in half and half. “There was an evident lack of professional use of any kind of artificial intelligence from the majority of investors, with only 12% saying they used one and just 27% saying they planned to," according to Bloomberg.
Along with the discussion and use of ChatGTP heating up, those companies that have invested in and developed AI tools are grabbing investors' attention.
$C3.ai(AI.US$ stock rallied 46% last week and tacked on another 6% gain on Monday, and is now up 145% for the year to date. The stock price has more than doubled since the launch of ChatGPT less than three months ago.
$BigBear.ai Holdings(BBAI.US$ stock price was up over 17% to $6.11 on Monday and was trading under a dollar on the launch day of ChatGPT. This Columbia based-company provides AI-powered analytics and cyber solutions, which went public in December 2021 through SPAC.
Other big tech companies like $Microsoft(MSFT.US$ and $Alphabet-A(GOOGL.US$ also speed up their involvement in applying AI tools. Microsoft announced an over $10b investment in OpenAI last month, and the company will use AI in many of its business divisions sooner. Google introduced a ChatGPT rival called Bard on Monday. Since the public is criticised for lack of accuracy and inability of ChatGPT, Bard will provide fresh and high-quality responses in competing with it. "It's critical that we bring experiences rooted in these models to the world in a bold and responsible way," Sundar Pichai, the CEO of Google, said in the Blog introducing the product.
So mooers, Do you think AI tools like ChatGPT will replace your jobs? Will you use ChatGPT in making trading decisions? Will you invest in AI-related companies?
Source: Bloomberg, Barrons, Alphabet
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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73243865 : You can first objective screening stocks, in the subjective judgment
Save a lot of time, and find data!
Future trend, be sure to invest in related industries!
102797193 : Not a believer that AI or chatGPT just replaces human brains and judgement , emotions in the stock market..will you believe it’s deduction totally..think the answer is clear right..NO! I won’t
Code K : Can be used as reference value and to make underlying risk decisions
zyle : bruh
scrapqueen : No I will not use AI to make my trading decisions for me. Chat GPT could replace some very simple basic jobs but in my opinion can’t sufficiently substitute for human interaction without quality suffering immensely. I would invest in AI-related companies as it is a growing area with huge growth potential over time and sone can he found at value prices.
Chinola : AI is currently just a very powerful memory; it won't innovate, or invent. The investment market cannot match it in a short period of time, but it can be a good helper.
心清自在 : I enjoy the feeling of analysis and decision making; of course I have to play with such fun stuff myself.
KwanSook : GhatGPT <-- spotted spelling error.
If ChatGPT AI is more mature and were feeded with sufficient data, and holistic testing being done, I will go with it.
I have been using bots to trade on crypto, lacking on data analysis with data warehousing. So, ChatGPT could replace that once its matured.
KwanSook scrapqueen: Do share more on your AI comoanies researches and signal for buy.
九号狐狸 : Unless it helps me in some way!
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