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Profitably Using Generative AI ChatGPT As Your Stock Trading Advisor, Albeit With AI Ethics Cautionary Caveats In Mind

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There is a rush toward using ChatGPT and generative AI to aid in picking stocks and doing stock price predictions. Watch out for scams. You need to know what makes sense and what to avoid, which is covered herein.

The development and promulgation of Ethical AI precepts are being pursued to hopefully prevent society from falling into a myriad of AI-inducing traps. For my coverage of the UN AI Ethics principles as devised and supported by nearly 200 countries via the efforts of UNESCO, see

You would have to directly feed any such data into ChatGPT via your use of prompts. An alternative is to use a plugin or add-on that can aid ChatGPT in real-time accessing the Internet. What you need to realize is that this was done in the absence of up-to-date data training all told of the AI app. In other words, given that the preponderance of ChatGPT is in a dated frozen state, there is little if anything being incorporated concerning the world of today when the sentiment analysis is generated.You could be remiss in then taking that generated advice and actively aiming to use it for trading the automaker stock of interest.

Here’s an excerpt from a research study that tended to find usable correlations between sentiment analysis and stock market movements:

 

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