A stock portfolio created by ChatGPT is outperforming the top UK investment funds
A theoretical stock portfolio of 38 companies picked by ChatGPT has outperformed the 10 most popular funds in the UK over an eight week stretch, according to finance websiteThe AI-powered fund has climbed 4.93% in the eight weeks since March 6, 2023, while the group of competing funds together averaged a loss of 0.78% in the same period. The bot-picked fund has outperformed the real funds in 34 of the 39 market days the experiment has been running, the report said.
Other names that rounded out the portfolio include Visa, Home Depot, Johnson & Johnson, Nvidia, and Netflix. "The big question is how bad of an idea using ChatGPT for investing research currently would be," Finder chief executive Jon Ostler said."Big funds have increasingly been using AI for years, but the public using a rudimentary AI platform that openly says its data is patchy since September 2021 and lacks the intricacies of market psychology, doesn't sound like a good idea."
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