Artificial Intelligence (AI) is powering a surge in the stock market as investors bet on a new era of innovation. Hedge funds are already using generative AI to automate mundane tasks such as reviewing market research and writing code. Campbell, a systematic hedge fund, is experimenting with using the tech behind ChatGPT to summarize internal research and write boilerplate code. AI on Wall Street includes machine-learning algorithms and natural language processing tools. Generative AI is the latest buzzword and can follow instructions and create new content after being trained on massive amounts of inputs. Hedge funds are experimenting with these tools with the ultimate goal of improving investing performance.
