China’s Top Broker Says ChatGPT Did Well in Research Assignment

ChatGPT can write a well-organized and clear market outlook report but lacks independent analysis skills, according to a research team at one of China’s largest brokerages.

| Updated on: Feb 24 2023, 09:35 IST
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1/6 OpenAI's ChatGPT portal is rapidly gaining popularity. It uses state-of-the-art language processing techniques to generate human-like responses to text input and  interacts conversationally with users to provide detailed answers on a wide range of topics.  (Bloomberg)
2/6 But if you are looking to download the app from your Google Play Store or App Store, then beware! There are several fake ChatGPT-like apps that can be dangerous for your device.  (Bloomberg)
3/6 You can find a bunch of fake ChatGPT apps on Google Play Store and App Store which can steal your data, a report by top10vpn revealed.  Hence, if you have already downloaded them, then you should hurry and delete them quickly. (REUTERS)
4/6 Some of these apps on Android are: AI Chat Companion, ChatGPT 3: ChatGPT AI, Talk GPT – Talk to ChatGPT, ChatGPT AI Writing Assistant, Open Chat – AI Chatbot App. (Bloomberg)
5/6 Some apps are also available on Apple's App Store, which include: Genie - GPT AI Assistant, Write For Me GPT AI Assistant, ChatGPT - GPT 3, Alfred - Chat with GPT 3, Chat w. GPT AI - Write This, ChatGPT - AI Writing apps, Wiz AI Chat Bot Writing Helper, Chat AI: Personal AI Assistant, and Wisdom Ai - Your AI Assistant.  (AFP)
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6/6 However, it must be noted that OpenAI does not have an official standalone app for ChatGPT. Hence, you can use the feature in your browser while login to the official website at  (AP)
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ChatGPT is a popular AI chat bot developed by Microsoft backed OpenAI. (REUTERS)

ChatGPT can write a well-organized and clear market outlook report but lacks independent analysis skills, according to a research team at one of China's largest brokerages.

Analysts at China International Capital Corp Ltd. asked the sensational chatbot to write a report on 2023 global market outlook and learned it has “a certain degree of financial knowledge and market analytical capability,” Zhao Li and Xiaoqing Yang wrote in a note. “It is more bullish on equities and gold, while more cautious on bonds and commodities,” the analysts said.

The experiment comes as questions swirl around the globe on whether the artificial intelligence chatbot can displace humans at work. That may be premature for analysts, as CICC says “it does not yet have independent market analysis capabilities and should not be directly used to guide investment decision.”

Nonetheless, the ChatGPT-written report was “relatively well structured” and included topics from the pandemic to rising rates and monetary policies, the broker said. If working with human analysts, the chatbot can write a simple investment report in a short period of time, the note said.

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First Published Date: 24 Feb, 09:21 IST
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