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International Business Times UK
International Business Times UK
Technology
Vinay Patel

Are Financial Analysts At Risk? AI Outperforms in Financial Forecasts And Delivers Superior Trading Profits, Study

AI arms race heats up: OpenAI unveils GPT-4 successor while addressing safety concerns. (Credit: Wikimedia Commons)

A new study shows OpenAI's GPT-4 has surpassed human financial statement analysis and forecasting capabilities. These findings could potentially disrupt the financial services industry, which, along with other sectors, is rapidly embracing generative AI technologies.

The University of Chicago's Booth School of Business conducted the study revealing that the large language model (LLM) outperformed humans in analysing financial statements and generating predictions based on that analysis.

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