ChatGPT has proven to have a very human-like ability to interpret articles , emails , and even dating app messages . But if you're asked to build a portfolio that can beat the market, you start repeating warnings about the markets over and over again and remember that you don't have access to real-time stock data . Meanwhile, the AI Powered Equity ETF ( AIEQ ), a $102 million fund, which launched in 2017, has been quietly heeding this call . This fund, issued by ETF Managers Group in collaboration with financial technology company Equbot, relies on IBM's Watson supercomputer to balance its portfolio. The portfolio has 114 holdings and is up 10.4% so far in 2023 , while the Vanguard Total Stock Market ETF is up 5% in the same period. However, as ETF.com warns , the former is actively managed and is therefore more expensive than the reference fund , which reduces the real return for investors.
The AI-based ETF charges 0.75%, while Vanguard's costs 0.03%. Both funds include JPMorgan and UnitedHealth Group among their top 10 holdings. According to ETF.com, Chris Natividad, chief investment officer at Equbot, believes the Watson-powered Asia Phone Number List fund can look beyond standard market data and extract information from tweets and earnings calls. "We focus on investment-related data, looking at how these different types of indicators affect security measures over different time horizons," according to Natividad's statements reported by ETF.com . Can an artificial intelligence really work as an investment analyst? This 'hedge fund' is already testing it " The fund's best days are yet to come ," he adds. "And, just as you're going to see ChatGPT responses change and evolve over time and data updates, so will our background." Meanwhile, ChatGPT's parent company.
OpenAI, secured a $10 billion investment from Microsoft this month , and the technology continues to make waves in various sectors. BuzzFeed announced last week that it intends to leverage technology to create content. Teachers have been warning of the bot's repercussions in schools, and chip makers are about to cash in.despite pointing to the favorable 10-year outlook, believes that the S&P 500 will fall to 3,000 points when the US enters recession this year, and then recover to 4,000 by the end of the year. Keith Parker, chief US equity strategist at UBS, believes the S&P 500 will fall to 3,200 this year as earnings are affected by the economic climate. Morgan Stanley's Mike Wilson, who was the Wall Street strategist who was most correct in his 2022 forecast, also said that a hit to profit expectations would sink the market between 3,000 and 3,300 points. At the close of the market on Friday, the index stood at 4,071 points.
| 
發表於 16:52:53