artificial intelligence

The artificial intelligence revolution is in full swing, and Nvidia’s recent financial performance is a testament to this transformative era. For investors as well as businesses and policymakers, the dawn of generative AI has opened the doors to a new era.

Researchers at the University of Florida have discovered a significant correlation between ChatGPT’s assessment of headlines, and the subsequent daily returns of the stocks studied.

The researchers used ChatGPT to indicate whether a particular headline contained good, bad or irrelevant news for companies’ stock prices.  The study shows a positive correlation between ChatGPT’s sentiment analysis, and subsequent daily stock market returns.

Luxembourg’s banking sector is asking data protection and financial services authorities to provide more clarity on the use of generative AI tools like ChatGPT. Presenting its survey on the use of ChatGPT, bank sector group ABBL on Thursday said 38 per cent of bank employees are currently blocked from using such tools, which is significantly more than the average of 24 percent for the sector as a whole.

J.P. Morgan Asset Management is stepping up its use of artificial intelligence in order to identify companies that provide solutions in the fight against climate change and loss of biodiversity. The US asset manager wants to use AI to find between 50 and 100 companies in which investors can invest through its climate solutions fund.

The interest in new funds and alternatives is obvious  from the enthusiasm for a new fund that invests in start-ups in artificial intelligence. 35 investors, including family offices and also the co-founders of BinckBank and Litebit, have together pledged millions to the Curiosity Venture Capital fund launched today.

Brice Prunas, manager of the ODDO BHF Artificial Intelligence, makes no secret of his enthusiasm for artificial intelligence as it quietly breaks through in all corners of the market. He not only invests in it but also uses AI to manage his fund.