ChatGPT can predict the stock market and understand Fed statements, studies claim

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OpenAI's ChatGPT-4 has proven capable of deciphering Fed statements and predicting the stock market based on corporate news, according to a pair studies.

Public Ventures President Lou Basenese argues Microsoft's $10 billion investment could impact how fast artificial intelligence becomes mainstream.

"The sentence indicates the committee's expectation to start implementing its balance sheet normalization program soon, which is a clear signal of tightening monetary policy, as long as the economy evolves as anticipated," GPT-4 wrote of one statement it deemed hawkish, according to Business Insider.

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