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ChatGPT can make human-like judgments, pick good stocks, researchers say

Expect to see more fund managers and brokers using AI to analyse information. ChatGPT could be a game-changer, according to some academics researching how it can analyse results.

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The human versus machine debate is set to flare up on a trading floor near you – and probably sooner than you think.

Although machines have won the trading execution and quantitative strategies battles (most trades on the ASX happen every day without human interaction), the new battleground will be old-fashioned, bottom-up stock-picking – the stuff fund managers first heard about at university and crafted by spending a few years in a sell-side sweatshop.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/chatgpt-knocking-on-doors-of-equity-analysts-fund-managers-20240612-p5jlcv