Is it possible to invest with ChatGPT? Here is the result

As artificial intelligence entered every aspect of life, it also began to closely affect the financial sector. Users from many fields, especially cryptocurrency investors ChatGPT It uses tools like. So, can models such as Gemini, ChatGPT and Claude be preferred for financial investment?

ChatGPT is very good at reading financial reports

A study published in the USA revealed that artificial intelligence models may be more successful than humans in interpreting company financial statements. Researchers stated that models such as GPT-4 and Claude can successfully analyze financial data. In some cases, it performed on par with or even outperformed analysts.

The study, published in the journal SSRN, tested how well general-purpose artificial intelligence models can evaluate financial statements without special training in accounting or finance. ChatGPT has been shown to be as capable as machine learning models specifically trained for this task.

The researchers noticed that the forecasts in some tests were similar to those made by analysts looking at the same financial statements. It was reported that ChatGPT gave successful results in terms of risk-adjusted returns. This means that artificial intelligence can produce more profitable investment analysis.

Artificial intelligence makes its analyzes directly on financial data. This means that the negative aspects of human insight remain in the background. Researchers stated that artificial intelligence can produce “useful insights” by analyzing patterns in expressions.

Many researchers say that artificial intelligence should not be trusted for investment decisions. Considering that financial investments are shaped according to market expectations, simply examining the charts may not be enough.