Director’s Pick: Better, Faster, Richer: ChatGPT’s Impact on Investment Decision-Making

July 6, 2023
Director’s Pick
Better, Faster, Richer: ChatGPT’s Impact on Investment Decision-Making
Since the generative Artificial Intelligence (AI) tool ChatGPT gained popularity at the end of 2022, financial professionals have been impressed with the tool’s disruptive capabilities across various industries. The use of ChatGPT in investment decision-making has led finance professionals to have heated discussions about AI’s merits and its unlimited potential.
The University of Chicago Booth School of Business faculties have recently conducted research to examine the effectiveness of using ChatGPT to analyze and summarize corporate disclosures. Early results show that AI tools have numerous benefits for processing financial information efficiently, on time and at lower cost.
In this program, you’ll learn what university faculties and a banking professional think about the future of ChatGPT. They’ll discuss their thoughts on whether it can select stocks more effectively than fund managers, whether it can predict stock movements and identify potential risks and opportunities. You’ll also learn whether AI tools can help users achieve better decision-making when processing and measuring financial and industry information.
Speakers
David Hagmann
Assistant Professor, Department of Management
The Hong Kong University of Science and Technology
Mark McDonald
Head of Data Science and Analytics, Global Research
HSBC
Maximilian Muhn
Assistant Professor of Accounting, Booth School of Business
The University of Chicago
Moderator
Mark Barnekow (MBA’88)
Executive Director
The University of Chicago Francis and Rose Yuen Campus in Hong Kong
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▬ Content of the Webinar ▬
Opening - 0:00
Speaker Introduction - 1:03
Mark McDonald's Sharing - 04:28
David Hagmann's Sharing - 15:39
Maximilian Muhn's Sharing - 29:26
Panel Discussion - 40:10