GPT-4 Outshines Human Analysts in Predicting Earnings, Revolutionizes Financial Decision-Making
May 29, 2024
A recent study by the University of Chicago Booth School of Business revealed that OpenAI's GPT-4 has surpassed human financial analysts in predicting earnings changes.
GPT-4 utilized 'chain-of-thought' prompts to demonstrate superior predictive capabilities and outperformed the stock market with more profitable trading strategies.
This development highlights the potential for AI, such as GPT-4, to revolutionize financial decision-making by recognizing patterns with incomplete information.
The study underscores the importance of incorporating large language models in future financial analyses and trading strategies.
The findings raise questions about the future role of AI in financial analysis and decision-making.
OpenAI's launch of GPT-4 marks a significant milestone in AI development with implications for various industries, including financial services.
Summary based on 7 sources
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Sources

Nasdaq • May 28, 2024
AI ‘Outperforms’ Human Financial Analysts, According to New Research
International Business Times UK • May 29, 2024
Are Financial Analysts At Risk? AI Outperforms in Financial Forecasts And Delivers Superior Trading Profits, Study