OpenAI’s ChatGPT has outperformed half of the top U.S. equity funds in week four of a Benzinga challenge. The AI engine was given a hypothetical $10,000 and tasked with building a portfolio capable of outperforming 10 of the leading U.S. equity funds. As the challenge enters its fourth week, ChatGPT’s performance remains strong, with heavyweights like the SPDR S&P 500 ETF SPY and Invesco QQQ Trust QQQ vying to outpace the AI-curated portfolio.
ChatGPT’s portfolio is performing even better than some of the top equity funds, including the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) and SPDR S&P 500 (ARCA:SPY). The QQQ extended its gains on the AI fervor, registering the highest gain of 9.74%.
While the competition remains intense, ChatGPT’s success is a clear indication that AI engines can be a valuable tool in selecting profitable stocks. As always, investors should exercise caution when investing and consider diversifying their portfolios.
The Benzinga experiment is a reminder that technology is changing the way investors interact with the stock market. In a world where machines can outperform human traders, it’s essential to embrace technology while at the same time, not losing sight of the basic principles of investment.
Overall, openAI’s ChatGPT continues to impress with its excellent performance in the Benzinga challenge. While it is merely an experiment, it highlights the potential for AI to revolutionize investment practices and generate high returns for investors. As technology continues to evolve, investors can look forward to more exciting innovations that could change the way they invest.
