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ChatGPT, the AI chatbot by OpenAI, has shown reliable results in predicting stock price movement, as backed up by a new University of Florida paper. Comparing over 50,000 headlines from NYSE, Nasdaq and more, ChatGPT outperforms traditional models with its advanced language understanding capabilities. Its accuracy has been tested in a survey by a financial comparison site, revealing a 4.9% growth amid the average 8% loss of leading funds. AI for asset management may soon lift global GDP by 7% and productivity growth by 1.5 percentage points. OpenAI's progress with ChatGPT brings future opportunities in finance and technology.
Kristin Snyder is dot.LA's editorial fellow for 2022/23. She was an intern for Tiger Oak Media and Arts section editor for UCLA's Daily Bruin. ChatGPT is an AI-tool that can help fashion and beauty influencers create looks, makeup tutorials and skincare routines. It helps enter niche topics and has seen a moderate uptick in viewers. However, it may flatten the trend cycle of TikTok. Get an in-depth analysis, research and engaging content from dot.LA to stay updated with the tech news.
Shopify, an industry leader in e-commerce solutions, announces difficult layoffs and logistics arm sale to Flexport. Pando, a fulfillment tech startup, raises $30M ($45M total) signaling robust investment in supply chain sector. Tellus, an Andreessen Horowitz-backed fintech, faces US government scrutiny. Index Ventures' Heymann shares his insights on venture capital and metrics. TechCrunch+ offers founders a discounted membership with access to their AI tech news.
. Be an early adopter of Google's new secure and convenient passwordless login service, starting at 3 PM PDT. Also, don't miss out on Tech Crunch Disrupt 2020's Startup Battlefield 200 program and Expo+ Passes - hear from Zimbabwean startup founder and get 15% off an annual subscription with the code "DC". Additionally, check out Plexamp's ChatGPT-4 for creating unique playlists, and Airbnb's increasing affordability options.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?