AI-Driven Financial Analysis: Exploring ChatGPT’s Capabilities and Challenges

Autor: Li Xian Liu, Zhiyue Sun, Kunpeng Xu, Chao Chen
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: International Journal of Financial Studies, Vol 12, Iss 3, p 60 (2024)
Druh dokumentu: article
ISSN: 2227-7072
DOI: 10.3390/ijfs12030060
Popis: The transformative impact of AI technologies on the financial sector has been a topic of increasing interest. This study investigates ChatGPT’s applications in financial reasoning and analysis and evaluates ChatGPT-4o’s effectiveness and limitations in conducting both basic and complex financial analysis tasks. By designing a series of multi-step, advanced reasoning tasks and establishing task-specific evaluation metrics, we assessed ChatGPT-4o’s performance compared to human analysts. Results indicate that while ChatGPT-4o demonstrates proficiency in basic and some complex financial tasks, it struggles with deep analytical and critical thinking tasks, especially in specialized finance areas. This study underscores the need for meticulous task formulation and robust evaluation in AI financial applications. While ChatGPT enhances efficiency, integrating it with human expertise is crucial for effective decision-making. Our findings highlight both the potential and limitations of ChatGPT-4o in financial analysis, providing valuable insights for future AI integration in the finance sector.
Databáze: Directory of Open Access Journals
Nepřihlášeným uživatelům se plný text nezobrazuje