Can ChatGPT Trade on the Stock Exchange?

Especially since the development of ChatGPT, it has become clear to many what potential AI offers in the digital age. No wonder, then, that AI has become one of the most important investment topics, and more and more companies in the field of AI are going public. In addition to technology giants such as Amazon, Google and Facebook, other companies are also active and listed in the field of AI – such as Twitter or OpenAI, the developer behind ChatGPT. These companies are directly benefiting from the AI hype and offer investors promising options.

Support for private investors

In addition to companies, private investors can also benefit from AI. With the help of ChatGPT, stock market and company information can be consulted more quickly and comprehensively than is possible manually. In addition, other AI applications that are starting to appear on the market can greatly facilitate the work of private investors by creating personalized newsletters and sending relevant information.

Trading aid

However, caution should be exercised, as AI tools such as ChatGPT are based on past data and can only identify trends and show correlations without being able to make reliable predictions for the future. It is therefore important that investors always critically question the results provided and make their own decisions. AI can be a support in various areas, however, it is important not to blindly trust it.

Negative disruptor

In addition to the potential of artificial intelligence, there are also negative aspects to consider. AI could make many professions and companies redundant and thus has an impact on the world of work. It is therefore important to find sensible solutions to help affected people in the long term.

All in all, it remains to be said that AI can be an enormous help in the field of information gathering and evaluation, making trading much easier.

Jens Rabe

is founder and managing director of the Rabe Group of Companies.