The co-CIO of Bridgewater Associates seems pretty impressed with the investment acumen of OpenAI's ChatGPT artificial intelligence tool.
Bots like ChatGPT have already performed well on Bridgewater's internal tests for investments associates, Jensen said. ChatGPT 3.5, the most well-known version of the AI large language model, scored at the level of a first-year associate at the firm, landing in the 80th percentile of all test takers.
"Because all of sudden if you have an 80th percentile investment associate, technologically, you have millions of them at once. And if you have the ability to control their hallucinations and their errors by having a rigorous statistical backdrop, you could do a tremendous amount at a rapid rate. And that's really what we're doing in our lab and proving out that process can work," he said.