Deep Learning
'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market
'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market Stock picking using ChatGPT requires some financial knowledge and even its adopters say there is a high risk of getting it wrong before getting it right. LONDON - As ChatGPT nears its third birthday, at least one in 10 retail investors is using a chatbot to pick stocks, fueling a boom in the robo-advisory market, but even fans say it is a high-risk strategy that cannot replace traditional advisers just yet. Thanks to artificial intelligence, anyone can select stocks, monitor them and obtain investment analysis that was once only available to big banks or institutional investors. The robo-advisory market -- which includes all companies providing automated, algorithm-driven financial advice such as fintech, banks and wealth managers -- is forecast to grow to $470.91 billion in revenues in 2029 from $61.75 billion last year, marking a roughly 600% increase, according to data analysis firm Research and Markets. In a time of both misinformation and too much information, quality journalism is more crucial than ever.
Meta Poaches OpenAI Scientist to Help Lead AI Lab
Yang Song, who previously led the strategic explorations team at OpenAI, is the new'research principal' of Meta Superintelligence Labs. Mark Zuckerberg has poached a high-ranking OpenAI researcher to be the research principal of Meta Superintelligence Labs (MSL). Yang Song, who previously led the strategic explorations team at OpenAI, is now reporting to Shengjia Zhao, another OpenAI alum who has overseen the buzzy AI effort since July, according to multiple sources. He started earlier this month. The move comes after Zuckerberg went on a hiring blitz earlier this summer, bringing in at least 11 top researchers from OpenAI, Google, and Anthropic.