According to Reuters, on September 26th, at least one tenth of the diaspora investors are using ChatGPT as they approach their third birthdayChatbotsConduct selection of units. This trend has contributed to the growth of smart market investment, but even supporters of the tool have stated that it is a high-risk strategy that cannot replace traditional investment advisers。
With artificial intelligence, ordinary people can now complete the selectionstockMonitoring and access to investment analysis, services that were once exclusively available to large bank or institutional investors。
Data from the Data Analysis Corporation Research and Markets show that smart investment markets cover all enterprises that provide automated, algorithm-driven financial advice, including financial technology companies, banks and wealth management agencies. The market revenue is expected to increase from $61.75 billion last year to $479.91 billion in 2029 (note: the current exchange rate is about $3.36 trillion), an increase of about 600%。
Jeremy Leung has been working on business analysis for almost 20 years in the United States. After leaving the Swiss bank earlier this year, he started using ChatGPT to select shares for his multi-asset portfolio。
“I can no longer enjoy extremely expensive market data services such as Bloomberg,” Leung Jerry says, “Even if it were just a base tool like ChatGPT, it would have been possible to complete and recreate many of my previous work processes.” At the same time, however, he cautioned that some of the key analysis might be omitted from such a tool, as it could not obtain the data behind the payment wall。
It's not just Liang Jerry, but the smart investment industry is growing at an exponential rate。
An eToro survey conducted by the broker on a global scale of 11 million bulk investors showed that about half of them indicated that they were willing to use artificial intelligence tools such as ChatGPT or Google Gemini to select shares or adjust their portfolios, of which 13% were already using them。
In the United Kingdom, a survey carried out by the comparative service company Finder showed that 40% respondents used chat robots and artificial intelligence to obtain personal financial advice。
ChatGPT itself cautions against relying on its professional financial advice and states that its owner OpenAI has not published data on the number of people who use its chat robots to invest。
“Agent intelligence models may be excellent,” Dan Moczulski, the global director of the eToro British District, who has 30 million users, says, “But when people treat generic models like ChatGPT or Gemini as ‘crystal ball’, risks follow.”
Mozulski noted that the best option would be to use a specially trained artificial intelligence-generation platform for market analysis, because “a generic artificial intelligence model may wrongly quote data and dates, rely too much on established narratives and try too much to predict the future based on past price trends”。
In March 2023, Finder had asked ChatGPT to select a basket of stock from high-quality enterprises, with the criteria of debt level, capacity for sustained growth and a competitive advantage。
Ultimately, 38 of the stocks selected included both Nvidia, the leading firm in the field of artificial intelligence, Amazon, an online retailer, and essential consumer companies such as Procter & Gamble and Walmart. So far, this portfolio has grown by almost 55%It's almost 19 percentage points higher than the average of the top 10 funds (including the Pioneer Group, Fuda, HSBC Bank and Fundsmith administered funds) in the United Kingdom.
It is true that the United States stock market is currently at an historic high and does not appear to be affected by the country ' s volatile policies and uneven economic data. However, a certain amount of financial knowledge is still required through the ChatGPT selection unit, whose users indicate that there is a high risk of error before the correct method is known。
LEUNG JERRY WOULD DESIGN A HINT LIKE, "ASSUMING YOU'RE AN EMPTY ANALYST, WHAT IS THE EMPTY LOGIC OF THIS STOCK?" OR “ONLY USE CREDIBLE SOURCES SUCH AS US SECURITIES AND EXCHANGE COMMISSION (SEC) DOCUMENTS”
“The better the background information you provide, the better the quality of the responses you get”, he said。
Potential risks cannot be ignored. Artificial intelligence tools lower investment thresholds and trigger a zealous market rush towards them, but this also means that when markets turn, it is not possible to judge whether bulk investors are using risk management tools to avoid potential losses。
SINCE THIS YEAR, THE PAN-EUROPEAN STOCK 600 INDEX (STOXX600) HAS RISEN BY NEARLY 101 TP3T; THE STANDARD POR 500 INDEX (S&P 500) HAS RISEN BY 131 TP3T, UP FROM 231 TP3T LAST YEAR。
"If people get used to investing in artificial intelligence and making moneyThey may not be able to manage risk in times of crisis or market downturn"Lian Jerry said。