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Thanks to the new amped-up generation of artificial intelligence, chatbots are now carrying out time-consuming research chores at hedge funds, summing up the views of Wall Street economists, generating charts and extracting updates from monetary officials. https://t.co/NPBFG5vI7B
Generative AI & Wall Street – generative AI tools are playing an increasingly prominent role in performing tasks at Wall St firms traditionally done by analysts https://t.co/I2zo1keqXQ
Wall Street's new analysts? AI-fueled chatbots are carrying out time-consuming research chores. Everything from summing up views of economists & generating charts to extracting the latest pronouncements from monetary officials. https://t.co/pCIP66s5K5 via @markets
Hedge funds are increasingly utilizing AI chatbots to perform tasks traditionally carried out by interns and analysts. These chatbots, referred to as 'Chatbot CFA,' are being used to conduct research, summarize economists' views, generate charts, and extract updates from monetary officials. The adoption of generative AI tools is part of a broader trend on Wall Street, where firms are leveraging new technologies to gain a competitive edge in the market. While some hedge funds initially believed AI would help them outperform the market, the reality has proven more complex.
