{"id":84446,"date":"2023-04-13T01:44:57","date_gmt":"2023-04-13T05:44:57","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84446"},"modified":"2023-04-13T01:31:50","modified_gmt":"2023-04-13T05:31:50","slug":"chatgpt-may-be-able-to-predict-stock-movements-finance-professor-shows","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2023\/chatgpt-may-be-able-to-predict-stock-movements-finance-professor-shows.html","title":{"rendered":"ChatGPT may be able to predict stock movements, finance professor shows"},"content":{"rendered":"\n<p>(CNBC) Alejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when <a rel=\"noreferrer noopener\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4412788\" target=\"_blank\">forecasting stock prices<\/a>. He used ChatGPT to parse news headlines for whether they\u2019re good or bad for a stock, and found that ChatGPT\u2019s ability to predict the direction of the next day\u2019s returns were much better than random, he said in <a rel=\"noreferrer noopener\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4412788\" target=\"_blank\">a recent unreviewed paper<\/a>. The experiment strikes at the heart of the promise around state-of-the-art artificial intelligence: With bigger computers and better datasets.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/04\/12\/chatgpt-may-be-able-to-predict-stock-movements-finance-professor-says.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Alejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when forecasting stock prices. He used ChatGPT to parse news headlines for whether they\u2019re good or bad for a stock, and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84446","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84446"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84446\/revisions"}],"predecessor-version":[{"id":84447,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84446\/revisions\/84447"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}