Like many investors, we have been thinking a lot about the impact that AI and large language models will have on investing. In this episode, we bring in an expert to help us sort it out. We speak with University of Florida Professor of Finance Alejandro Lopez-Lira, who was worked extensively with this new technology and recently authored the paper "Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models". We discuss how ChatGPT works, its potential future impact on investing and what his research showed with respect to its ability to predict short-term stock price movements. We also take some time at the end to cover some of his other interesting asset pricing research.

We hope you enjoy the discussion.

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Market for BETTER Deals, Not More Deals- #228