414- Separate the Wheat from the Chat

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

Topics Discussed:

• Rule #1/Value Investing
• SmartLess
• AI Hallucination
• BloombergGPT

Resources Discussed:

• ChatGPT
• Bard

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