Tag: New York Stock Exchange

Infosys co-founder Narayana Murthy, has expressed his confidence in the power of the human mind compared to AI-driven ChatGPT in a recent CNBC Conversation. Murthy believes that ChatGPT can only be used as an “instrument” or “assistant” to enhance the quality of work rather than replacing humans. The Indian IT giant, currently ranked as the third most valuable IT services brand, is a perfect testament to the success of Murthy’s view. A competent human mind will always surpass what ChatGPT can do.

This article explores the astonishing ability of ChatGPT, an AI chatbot developed by OpenAI, to accurately predict stock market movements by digesting news headlines. With empirical data unveiled by the US Federal Reserve, ChatGPT outperformed the benchmark system BERT and had a near-perfect accuracy rate of interpreting news in October 2022. Find out more about this remarkable technology and its implications for today's markets.