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Financial Market Applications of LLMs

The AI revolution drove frenzied investment in both private and public companies and captured the public’s imagination in 2023. Transformational consumer products like ChatGPT are powered by Large Language Models (LLMs) that excel at modeling sequences of tokens that represent words or parts of words [2]. Amazingly, structural understanding ....

Charlie Munger , Lasse Pedersen , Neural Networksi Sutskever , International Conference , Large Language Models , Hudson River Trading , Deep Neural Networks , Financial Time Series , Neural Information Processing Systems , Stock Price , Return Predictability , Large Language , Synthetic Data , System Card , Sequence Learning , Neural Networks , Data Generation ,

AI in Financial Services: A Transformational Force Beyond the Hype

AI is reshaping all industries as it captivates the public with its limitless potential. Many in financial services have strong reservations about the technology, but it is here and is not going away. How can banks harness the opportunities of AI, from reducing costs to maximizing the customer experience, while managing its shortcomings? ....

Noord Holland , Ling Chi , United States , Alexei Alexis , David Chartash , Conradw Safranek , Constantin Gurdgiev , Felipec Kitamura , Thomas Huang , Sheryl Estrada , Ian Rosen , Eli Zimmerman , Robert Van Rooij , Yuehua Tang , Aidan Gilson , Rachel Goodman , Christian Martinez , Moe Manshad , Kevin Bryan , Alejandro Lopez , Willem Zuidema , Richard Andrew Taylor , Douglas Johnson , Vimig Socrates , Claudi Lh Bockting , Johan Bollen ,

Can Chat GPT predict stock prices? Yes but there's a caveat say researchers

The two researchers who authored a recent paper discuss what the chatbot can and can't do when it comes to investing. ....

Yuehua Tang , Alejandro Lopez , University Of Florida , Alejandro Lopez Lira , Stock Price , Return Predictability , Large Language Models ,