Bloomberg's GPT Bot Shows Promising Results

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Bloomberg's GPT doesn't use open AI. Bloomberg was able to use freely available off the shelf AI methods and apply them to its massive proprietary data. So far, Bloomberg says this GPT shows promising results doing tasks like figuring out whether a headline is good or bad for a company's financial outlook. It can also do some generative AI applications like suggesting a new headline based on a short paragraph.

Hey ChatGPT, what’s your deal and and why should investors care?

The relatively young world of AI hold a huge amount of both potential, and also countless unknowns. What’s the utility of a tool with such a huge amount of information both good and bad, and how much can we trust that tool to discern the difference?

As financial corporations develop their own AI tools, the ability to take advantage of their power without succumbing to their weaknesses will be a difficult but crucial skill to master.

This week, Phil and Danielle take a look at the state of AI and machine learning in 2023 and the potential impact it could have on the investing world.

To find your own weaknesses as an investor, click here to take our Investing Personalities Quiz: https://bit.ly/40k6k7M

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