The boundless rise and seemingly endless capabilities of ChatGPT have many people questioning whether they might one day be replaced in their role by some form of artificial intelligence (AI).
From passing high-level finance exams to creating a market-beating wealth manager, the influence of machine learning on the investment industry is likely to be sizable.
While these specific examples may be a long way off, asset managers and index providers are already investing heavily in AI in a bid to refine their data collection and create more innovative and alpha-generating thematic products – with some anticipating ChatGPT to play a role in the future.
This article first appeared in ETF Insider, ETF Stream's monthly ETF magazine for professional investors in Europe. To read the full article, click here.
