MARKETDEVELOPMENT

Autopilot launches GPT investment portfolio, AI helps you trade, JPMorgan also develops AI investment software

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Autopilot launches GPT investment portfolio, AI helps you trade, JPMorgan also develops AI investment software

The copy trading company Autopilot launched the GPT portfolio this month, using ChatGPT to analyze news headlines for scoring, and selecting stocks for trading based on this analysis. Currently, there are over 25,222 investors participating in copy trading, with a total investment amount exceeding 15 million US dollars.

How to Teach ChatGPT to Become a Financial Expert?

The steps to teach ChatGPT to become a financial expert are as follows:

  • Ask ChatGPT to imagine itself as a stock market expert and rate each stock from 1 to 10.
  • Provide additional recent macroeconomic data as ChatGPT only has data up to 2021, including GDP, unemployment rate, inflation rate, benchmark interest rates, real estate market indicators, etc., for it to analyze news related to relevant stocks.
  • Feed ChatGPT with the latest news headlines of all publicly listed stocks with a market cap exceeding 3 billion USD for analysis and rating.
  • Select the top 20 companies with the highest scores, buy their stocks, hold them for 3 days, and repeat the process.

Stock Selection and Performance Tracking by ChatGPT

This investment started on May 12 and as of May 19, it has yielded a performance of +1.4%, slightly outperforming the S&P 500 index's +1.1%. Holdings include Amazon, Google, Entegris, CECO, Broadcom, among others. Over 25,222 investors have joined with a total investment exceeding 15 million USD. The Twitter account continues to share and adjust stock selection strategies.

JPMorgan Chase is Also Developing AI Investment Service Software

According to CNBC's report, JPMorgan Chase is developing software services similar to ChatGPT, relying on a disruptive form of artificial intelligence to select investments for clients.

JPMorgan filed for a trademark in May for a product called IndexGPT. The filing states that IndexGPT will use "cloud computing software with artificial intelligence to analyze and select securities that meet customer needs." Trademarks typically take nearly a year to be approved, and JPMorgan has about three years to launch IndexGPT after approval to ensure trademark protection.