finance

OpenAI's GPT-4 outperforms human analysts in financial analysis and forecasting, even without industry-specific information, according to a study from the University of Chicago Booth School of Business. The study, published last week, found that GPT-4, a large language model, excelled in analyzing financial statements and predicting future earnings. The language model outperformed financial analysts in predicting changes in earnings, even without any narrative or industry-specific information," the study said. The language model shows a relative advantage in situations that financial analysts often struggle with." Image source notes:Image generated by AI, image licensed...

Recently, KPMG's latest research shows that more than a third (36%) of senior leaders in the financial services industry use generative artificial intelligence every day. Among them, CEOs are the group that uses this technology most frequently, and they mainly use it for brainstorming and speech writing. Although most leaders use generative artificial intelligence at least once a week in their daily work, about 30% of leaders are still skeptical about the potential of the technology to be used by the enterprise as a whole. In the financial field, the most common field of generative artificial intelligence is currently financial planning, followed by customer data analysis and fraud detection. At the same time, leaders…

Big AI models help financial inclusion, in addition to combating online fraud, but also promote the digital transformation of the financial industry. In recent years, the financial industry is experiencing a wave of digital transformation, and through the use of artificial intelligence (AI) technology, financial institutions are realizing efficiency gains and innovation breakthroughs. In particular, the application of AI grand models has brought continued progress to financial inclusion. According to the China AI Big Model Innovation and Patent Technology Analysis Report released by the National Industrial Information Security Development Research Center and the Electronic Intellectual Property Center of the Ministry of Industry and Information Technology (MIIT), Internet companies and electronic technology leaders have excelled in big model technology innovation. ...