Over 27,000 traders are putting their trust in ChatGPT, an AI-based investment platform, to make major returns in the stock market. Autopilot, a copy trading firm, developed the GPT Portfolio AI to analyze 10,000 news articles each week and select the top 100 companies. Using financial statements, the bot then selects 20 stocks to invest in, with buy and sell orders taking place every three to five days. The goal is to test the theory that AI can outperform human expertise in the stock market. The University of Florida claims that AI can produce a return of over 500%. JPMorgan is also developing its own AI-based investing platform, with IndexGPT set to use AI to analyze and select securities tailored to customer needs.
Autopilot is a copy trading platform that uses trading algorithms built by leading traders to maximize success. It is known for its cutting-edge technology and the ability to provide users with a wealth of data to aid in their trading decisions.
The GPT Portfolio AI is Autopilot’s latest offering, developed to analyze news articles and financial statements to select the top 20 stocks to invest in. The platform is designed to test the theory that AI can outperform human expertise in the stock market with returns of over 500%. Autopilot is focusing its efforts on ensuring that investors have access to the latest technology to maximize their gains in the stock market.
JPMorgan is one of the largest and most well-known financial giants in the world. The company has been at the forefront of the financial industry for decades, and its latest venture into AI-based investing is a sign of the firm’s continued focus on innovation and technology. With IndexGPT, JPMorgan aims to provide personalized investment advice for its customers, using the latest AI technology.
