As artificial intelligence has entered every aspect of life, it has also started to closely affect the financial sector. Users from many fields, especially cryptocurrency investors, use tools such as ChatGPT. So can models like Gemini, ChatGPT and Claude be preferred for financial investment?
ChatGPT is very successful in reading financial reports
A study published in the US revealed that artificial intelligence models can be more successful than humans in interpreting company financial statements. Researchers said that models such as GPT-4 and Claude were able to successfully analyze financial data. In some cases, they performed on par or even better than analysts.
The study, published in the journal SSRN, tested how well general-purpose AI models can evaluate financial statements without specialized training in accounting or finance. ChatGPT was found to be as capable as machine learning models specifically trained for this task.
Researchers noticed that the predictions in some tests were similar to those of analysts looking at the same financial statements. It was reported that ChatGPT gave successful results on risk-adjusted returns. This means that AI can produce more profitable investment analysis.
Artificial intelligence conducts its analysis directly on financial data. This means that the negative aspects of human insight remain in the background. AI can generate “useful insights” by analyzing patterns in expressions, the researchers said.
Many researchers say that AI should not be trusted for investment decisions. Considering that financial investments are shaped by market expectations, it may not be enough just to analyze the charts.
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