ChatGPT reveals the Fed's secrets

ChatGPT reveals the Fed's secrets Experiment can be considered successful  full-time analysts are no longer needed. ChatGPT is now able to correctly interpret statements and comments from the Fed, as well as predict the movement of stocks based on news headlines.OpenAI technology is reaching a new level in terms of parsing nuances and context. ChatGPT did a great job of converting textual information into trading signals.Of course, this process is nothing new on Wall Street, where quant funds have long used natural semantic models to analyze statistical reports and Reddit posts to form trading strategies.The analysis showed that ChatGPT interpreted the information (positive or negative for the market) exactly as a professional Fed analyst did. For example, the phrase labour market conditions have improved somewhat, but the unemployment rate remains elevated was rated dove by the robot, as it suggests that the economy has not yet fully recovered.Artificial intelligence has been trained to interpret headlines and its findings have shown a statistical relationship with subsequent stock movements. Thus, the headline Rimini Street fined $630,000 in the case against Oracle ChatGPT considers positive for Oracle. And even the arguments are very reasonable: the penalty increases investor confidence in Oracle's ability to protect their property and increase demand for services.Even Bloomberg LP recently added the original ChatGPT to their famous trading terminal. Now each of us can save time in processing information and making a personal forecast. But who exactly will make the decision and press the Buy/Sell button is up to you.Are you ready to use ChatGPT in real transactions?Profits to yall!#ForexChief #ChatGPT #Bloomberg #OpenAI #forexnews #stocks #worldnews #Market #stock #WallStreet