The technology of artificial intelligence is changing with each passing day, and now Wall Street will also use AI technology to assist investment.

(AFP)

[Financial Channel/Comprehensive Report] ChatGPT is an artificial intelligence (AI) chat robot program developed by OpenAI. Relying on real-life and detailed chat responses, it became popular all over the world when it was launched in November last year. It can not only anthropomorphize interaction but also use As Wikipedia helps you solve problems and write essays online, some people are curious, what will happen if such a powerful ChatGPT is allowed to design an ETF that can outperform the market?

ChatGPT gives the answers every professional investment manager will tell you.

"Bloomberg" reported that answering questions is a characteristic of ChatGPT. In order to test whether ChatGPT has been able to shake the status of financial experts and Wall Street analysts, "Bloomberg" tried to challenge ChatGPT, so that its creation can outperform the market. A portfolio that can succeed.

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As a result, ChatGPT gave everyone a boring but unchanging answer to the truth in the investment world: "The market is too unpredictable to design such an ETF. At the same time, it warns that we need to choose an ETF that meets our goals and risk preferences. Investment targets."

This time, it is the victory of the human side. AI does not seem to be ready to conquer the market. However, who knows that perhaps AI can really defeat the market, but for some reason, it is unwilling to disclose, but what we can be sure of is that in Wall Street Among them, some people are already using AI technology to invest, and the rate of return is positive.

For example, the AI ​​Powered Equity ETF (AIEQ), a $102 million (NT$3.09 billion) instrument, had a return of about 9.9% this year as of Wednesday (25th), compared with the total return of the S&P 500 Index. The rate is 4.7%.

AIEQ uses the Watson platform developed by IBM Corp. to evaluate more than 6,000 US listed companies every day, collect regulatory documents, news reports, management profiles, sentiment indicators, financial models, market value, etc. 24 hours a day, and let AI help you increase or decrease positions .

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