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Two new papers have been published this month that deployed the artificial intelligence chatbot ChatGPT in market-relevant tasks. The papers showed that ChatGPT was able to decipher whether Federal Reserve statements were hawkish or dovish, and determine whether headlines were good or bad for a stock. The findings suggest that the technology developed by OpenAI is reaching a new level in terms of parsing nuance and context. Slavi Marinov, head of machine learning at Man AHL, said that the hype of the past few months is justified.
