- ChatGPT has displayed an ability to anticipate stock market moves based on corporate news and is capable of understanding Federal Reserve statements, according to a pair of studies.
- The first study, conducted at the Richmond Fed, found that ChatGPT-4 is capable of sorting statements from the Fed into five categories in a manner that aligns closely with human readers, Business Insider reported.
- Researchers tasked the AI chatbot with classifying Fed statements as dovish, mostly dovish, neutral, mostly hawkish or hawkish.
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