ChatGPT Picks Stock Portfolio That Outperforms S&P 500

Dummy AI Stocks A dummy portfolio of stocks picked by ChatGPT outperformed the S&P 500 Index — a list of the 500 most valuable companies in the US — over a span of eight weeks, financial comparison site found. The portfolio gained a considerable 4.9 percent between March 6 and April 28, compared to an average loss of 0.8 percent of the ten leading investment funds in the UK over the same period. In comparison, the S&P 500 rose only three percent. While those numbers are impressive on the face of it, they obviously don’t tell the whole story. For one, the time period being measured is quite short, and the experiment is anecdotal. We also don’t know what the numbers would look like if a portfolio was chosen at random. After all, with enough guesses, anyone could eventually outperform the S&P 500. Given the nature of the tech, we’ll also never know how exactly the chatbot arrived at its answer. Besides, the tech is still struggling with far more mundane tasks like reliably telling the truth or basic arithmetic. In other words, there’s a good reason why ChatGPT refuses to “provide specific investment advice” when prompted. Still, though, the results are intriguing — and could be a harbinger of controversial new frontiers in the public’s use of OpenAI’s tech. AI Gains Analysts at Finder asked OpenAI’s mega-popular AI chatbot to select stocks based on a common set of criteria, including levels of debt and historical growth. ChatGPT chose name-brand…ChatGPT Picks Stock Portfolio That Outperforms S&P 500

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