AQR, a quantitative asset manager, is utilizing cutting-edge ChatGPT Generative Artificial Intelligence to try and improve investment returns. This tool has successfully generated results surpassing market returns from 2004 to 2019. Though ChatGPT is not intended to predict future returns, parts of its language model can still be used for optimizing portfolio construction by translating publicly available financial data into numerical representation. AQR also looks into other generative AI tools like Meta's OPT & Google's BERT. It is led by experienced finance professor Bryan Kelly.
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