Artificial intelligence (AI) has revolutionized several industries, and the world of finance may be one of them: in a groundbreaking move, nearly 25,000 traders undertook an experiment in copy trading using ChatGPT AI.
The stock picks of the artificial intelligence attracted significant attention, with traders collectively investing $14.7 million, hoping to capitalize on the potential 500% return promised by one of the strategies tested in the academic research.
The copy trading experiment of ChatGPT’s AI
The GPT Portfolio experiment involves ChatGPT analyzing as many as 10,000 news articles and 100 company reports to identify 20 stocks for a $50,000 portfolio.
These selections are updated weekly, allowing traders to mirror the artificial intelligence‘s investment decisions.
Among the most significant initial choices are well-known companies such as Berkshire Hathaway, Amazon, D.R. Horton, and DaVita Health.
After just two weeks of implementation, the GPT Portfolio achieved a
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