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ChatGPT can decode Fed speak, predict stock moves from headlines

By Justina Lee

17 Apr 2023 · 3 min read

Editor's Note

Research into ChatGPT's potential as an investment tool is encouraging. As Bloomberg reports,. AI could open up whole worlds of new information and make the tech more accessible to finance pros. 

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.

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.

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