Hedge Funds Are Deploying ChatGPT to Handle All the Grunt Work
- Generative AI is writing and editing code and parsing research
- Man Group, Citadel are among firms experimenting with tech
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The latest artificial-intelligence hype is powering a massive surge in the stock market on bets that a new era of innovation is nigh.
Yet for money managers who weaponize computing advances for an investing edge, the era of ChatGPT holds a less lofty promise for now: Automating the grunt work.