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Starting at a Google killer to the heralding in of a humanity controlled by AI, the new ChatGPT application has been making waves — and even scaring people, too — since it This was implemented late in the previous year.

ChatGPT appears to be the natural culmination of sophisticated machine learning technology. to know almost everything — as well as how to Express yourself in a very clear and concise manner erudite manner.

ChatGPT is a very good resource. it’s not likely to ChatGPT is no better than anyone (or any AI system) in developing sustainable and profitable investment strategies. ChatGPT doesn’t learn statistics; it is taught to understand specific descriptions, texts and ideas. That means it Is not capable of accurately analyzing investments data to You can make sound investment decisions and market assessments.

AI tools are required to accurately forecast market trends and investment values. to You can not only train on data but you will also be able to go beyond current machine learning (ML), systems. This is how predictive models can be trained to Update themselves as a response to You may have to add new activities that are not included in the original training programs.

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Recommendations for financial planning that are not based on fact

ChatGPT has access to a wide range of information sources and databases. You have access to so much data, neural network-based algorithms to Advanced natural language processing (NLP), and match data patterns to ChatGPT allows you to communicate your findings. to Send an email essays Oder articles, do homework, write music, write and debug code, take tests (and cheat on them), woo potential beausAll of it. All this, and more, than humans can do.

ChatGPT also offers general advice on financial matters. However, ChatGPT can still provide general financial advice. to experts, the AI system’s advice is typical of human asset managers and financial advisors. When asked, “What is the best strategy to make money in the stock market?” ChatGPT has responded

“There is no one-size-fits-all answer to this question, as the best strategy for making money in the stock market will depend on a number of factors, such as your financial goals, risk tolerance, and investment timeline.”

This is how you can get started. it stated that there were some basic principles that investors should follow: diversifying one’s portfolio, investing for the long-term, using dollar-cost averaging and performing research before investing.

“Overall, the key to making money in the stock market is to have a well-thought-out strategy and to be patient and disciplined in your approach,” The system was concluded.

Upgrade AI: AGI to “play the market”?

That’s a far cry from what What can we expect from an advanced computer system that has full access? to ChatGPT has more information than any average investor, and uses the best analytical tools available. But given the current limitations of ML — especially the fact that learning models can only be built on currently available data — ChatGPT’s financial advice is in line with what Such systems are to be expected.

ChatGPT or other ML-based systems were not available. get These facilities have undergone a significant upgrade. will remain unlikely to Human analysts are outperformed. That upgrade would require a far more flexible modeling system — one that enables the system to Change its predictive model to respond to There are new developments that may alter predictions.

AGI systems (artificial general intelligence) could, among other things, provide an upgrade to AI. to “play the market,” Not only are these more humanlike, but they also allow you to use them. to take Take into account a much greater number of data than the human brain can handle at once.

With huge data sets and flexible analytical systems, you can create powerful reports. to adjust predictive models as required, AGI-based systems would be a much better bet for investment predictions than current AI systems — including ChatGPT.

“What can (or will) be” Capabilities

AGI remains in the early stages of development. However, data scientists are working to improve current AI technology. to Better investment forecasts are possible The process, of course, is incremental — but more advanced algorithms are being developed, based on the trading experiences of quant funds, which use complex mathematical models to Make predictions.

Quant funds are heavily dependent on electronic trading. There are millions of trades that can be executed simultaneously, which provides more data to ML models. to Develop more precise predictions ChatGPT relies heavily on these techniques. “what is,” AGI and advanced mathematics based ML analyses data sets to Models of “what can (or will) be,” They are therefore more attractive for investment.

Advanced ML derived from mathematics and AGI will — eventually — enable better and more accurate investment predictions; it’s just a matter of time before scientists are able to Build the required advanced data sets to Training AI to Make accurate predictions about your investments

Until then, let’s use current-generation ML-based systems like ChatGPT for the many things it Very good at. “InvestmentGPT” It is still possible.

Anna Becker, founder and CEO of EndoTech

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