Aaron Brown, Columnist

Dreams of Replacing Humans in Finance May Come True

We’re a long way from AI taking over Wall Street, but two credible studies suggest there’s no reason to think it can’t.

April 21, 2023 at 9:00 AM UTC

Aaron Brown is a former head of financial market research at AQR Capital Management. He is also an active crypto investor, and has venture capital investments and advisory ties with crypto firms. He is the author of the soon-to-be-released "Wrong Number."

Artificial intelligence will disrupt Wall Street.
Photographer: Andrew Burton/Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

ChatGPT is the fastest growing app of all time, gaining more than 100 million users just two months after its launch in November. It allows users to have human-like conversations that include reasonable-sounding and often correct answers to all sorts of questions. Like humans, it can ask for more information and explain reasoning.

We’re now seeing the first academic research about the use of ChatGPT in finance. Two recent studies make GPT seem like a promising technology both to improve investment decision making and to explain its decisions. Perhaps the long-held dream of replacing humans in finance is coming true.