People are no longer needed: ChatGPT has collected a super-efficient investment portfolio

People are no longer needed: ChatGPT has collected a super-efficient investment portfolio Artificial intelligence is ready to make financial analysts unemployed. The Australian service finder.com offered ChatGPT to form an investment fund according to classical rules and with very strict management. Three months later, experts compared the dynamics of this portfolio with the performance of ten popular funds on the British platform Interactive Investor.A hypothetical portfolio of 38 stocks performed much better, gaining 4.9% in the first eight weeks, while the top 10 funds posted an (average) loss of 0.8%. The losing list included highly respected players such as Terry Smith's Fundsmith Equity, as well as several UK, US and global funds from Vanguard, Fidelity and HSBC.Considering that 50% of private UK investors are looking for investment advice on social media, the prospects for chatbots as financial managers are simply enormous.About 19% of adults in the UK surveyed by finder.com are willing to use ChatGPT tips for real transactions, and another 8% said they have already used such information. But no one has yet confirmed the profitability of such recommendations.By the way, Craig Martell, head of the Pentagon department in charge of developments based on artificial intelligence, is confident that ChatGPT and its pseudo-intelligent colleagues can make statements without understanding the real meaning and psychology, but at the same time offer confident arguments and build logical chains. ChatGPT can cause ordinary people (for example, private investors) to trust even the most absurd information, which can be extremely dangerous for financial transactions.Of course, ChatGPT's equal participation in market operations is still far away, but financial analysts can already look for another profession - just in case.Profits to yall!#ForexChief #ChatGPT #CraigMartell #forexnews #stocks #worldnews #Market