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ETFs & Mutual Funds

ETF Seizes on ChatGPT Buzz With a Focus on ‘Conversational’ AI

  • ETF aims to capture ChatGPT craze but may struggle: Balchunas
  • Fund aims to invest in companies focused on conversational AI
Bloomberg business news
The Problem With ChatGPT’s Human-Like Responses

Wall Street’s $6 trillion ETF machine rarely lets a viral trend pass it by. OpenAI’s chatbot is no exception.

Enter the Conversational AI, AI and Innovation ETF, which would trade under the ticker CHAT. The actively-managed fund will seek to invest in global stocks that are primarily connected with artificial intelligence, with an emphasis on “conversational” AI and innovation, according to a Securities and Exchange Commission filing Thursday.