Between March 6 and April 28, a dummy portfolio of 38 stocks gained 4.9% while 10 leading investment funds clocked an average loss of 0.8%, according to an experiment conducted by financial comparison siteIt wouldn't "be long until large numbers of consumers try to use for financial gain," Jon Ostler, Finder's CEO, said in a statement earlier this week.
A typical investment fund pulls together money from multiple investors, and is overseen by a fund manager who decides how to invest that money. The analysts asked ChatGPT to select stocks based on some commonly used criteria, including picking companies with a low level of debt and a track record of growth. Microsoft, Netflix and Walmart were among the companies selected.for years to support their investment decisions, ChatGPT has put the technology in the hands of the general public, with the potential to guide the decisions of retail investors.
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