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 site finder.com. It wouldn’t “be long until large numbers of consumers try to use [ChatGPT] for financial gain,” Jon Ostler, Finder’s CEO, said in a statement earlier this week.
While major funds have used AI 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. A survey of 2,000 UK adults conducted by Finder last week showed that 8% had already used ChatGPT for financial advice, while 19% said they would consider doing so. Yet a much bigger 35% said they would not consider using the chatbot to help them make decisions about their money.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jenny Craig is going out of business | CNN BusinessJenny Craig, the weight-loss chain, has confirmed that it's shutting down for good.
Source: cnni - 🏆 326. / 59 Read more »
Video: Striking Hollywood writers worry about ChatGPT, potential summer airline travel delays and more on CNN Nightcap | CNN BusinessCNN's Samantha Kelly tells 'Nightcap's' Jon Sarlin why the Writer's Guild of America wants protections against AI as it strikes for a new contract. Plus, Semafor's Ben Smith talks about the demise of digital media darlings and Gawker's sordid history with sex tapes in his new book, 'Traffic.' And Going.com's Katy Nastro predicts this summer won't bring a repeat of the winter holiday travel meltdowns. To get the day's business headlines sent directly to your inbox, sign up for the Nightcap newsletter.
Source: cnni - 🏆 326. / 59 Read more »
White House warns debt default could wipe out 8 million jobs, plunge stock market | CNN BusinessWhite House economists warned on Wednesday that a protracted debt default would cause the loss of more than 8 million jobs and cut the stock market in half.
Source: CNN - 🏆 4. / 95 Read more »
First Horizon stock tumbles 50% after TD Bank merger collapses | CNN BusinessFirst Horizon and TD Bank have called off a $13 billion deal that would have formed America's sixth-largest bank, adding to the turmoil sweeping the country's regional lenders.
Source: CNN - 🏆 4. / 95 Read more »
Lyft stock plunges nearly 15% on weaker than expected revenue forecast | CNN BusinessLyft may have a bumpy road ahead to recovery.
Source: CNN - 🏆 4. / 95 Read more »