Benzinga’s ChatGPT investment challenge is in its third week, pitting OpenAI’s ChatGPT against 10 leading U.S. equity funds. The experiment began on May 10, and the ChatGPT portfolio is tasked with outperforming the funds over a period of six months. The preliminary results were promising, with the ChatGPT portfolio showing a modest gain of 0.95%, but it was behind seven of the 10 leading funds. The Invesco QQQ Trust QQQ recorded the week’s highest gain at 6.74%, benefiting from the AI stock fervor. While the experiment explores AI’s potential as a tool to assist investment decisions, it is still essential to consider real-time data’s processing and individual financial circumstances while making investment decisions.
Benzinga is a financial news and analysis platform that provides real-time financial news and market data to traders and investors. It is a leading provider of news and market data to global audiences. Benzinga offers breaking news, market-moving exclusives, and comprehensive market coverage.
OpenAI’s ChatGPT is an AI language model that provides human-like dialogue and natural language processing. It uses advanced machine learning algorithms to generate text that mimics human speech patterns. OpenAI is a research organization focused on creating AI that benefits society. It is dedicated to discovering and implementing safe and beneficial AI technologies.
