How Hedge Fund Managers Are Using ChatGPT
- Managers use the tool for marketing or summarizing documents
- Some firms aim to use ChatGPT to analyze legal documents
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Hedge funds and other money managers are increasingly leaning on ChatGPT for marketing, and to summarize vast reports, according to a new survey.
Forty-four percent of money managers use the artificial intelligence tool in a professional capacity, according to the report from BNP Paribas SA. Most utilize ChatGPT to generate marketing text, or to recap large documents such as regulatory filings or broker research reports.