Lundgaard Hansen News Today

ChatGPT was even able to explain its classifications of Fed policy statements in a way that resembled the central bank’s own analyst, who also interpreted the language to act as a human benchmark for the study

Two new papers have been published this month that deployed the artificial intelligence chatbot in market-relevant tasks — one in deciphering whether Federal Reserve statements were hawkish or dovish, and one in determining whether headlines were good or bad for a stock.

The first wave of academic research applying ChatGPT to the world of finance is arriving - and judging by early results, the hype of the past few months is justified.

Research showed ChatGPT can pull off similar tasks without even being specifically trained