Artificial Intelligence (AI) is showing its potential as a tool to assist in investment decisions as Benzinga’s ChatGPT portfolio outperforms most top U.S. equity funds for a fifth consecutive week. In a six-month-long experiment, ChatGPT was tasked with crafting a portfolio that could outperform the leading U.S. equity funds with a hypothetical $10,000 investment. At the end of week five, the portfolio is now in fourth place, with a substantial gain of 7.21%. Tesla Inc (NASDAQ:TSLA) is the best-performing stock, up 53%, while Merck & Co Inc (NYSE:MRK) is the worst performer, down 6.64%. Despite its success, ChatGPT lacks the ability to process real-time data or assess individual financial circumstances, so it is not a licensed financial advisor and enriches the conversation around AI’s place in finance. The experiment continues for another week, and Benzinga looks forward to seeing how the AI-crafted portfolio fares.
ChatGPT Portfolio Outperforms Most Funds: Is Artificial Intelligence the Future of Investing?
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