Timothy L. O'Brien, Columnist

Will Chatbots Replace Money Managers?

The science and art of successful investing for institutions and individuals could be in AI’s crosshairs.

May 16, 2023 at 9:00 AM UTC

Timothy L. O'Brien is senior executive editor of Bloomberg Opinion. A former editor and reporter for the New York Times, he is author of “TrumpNation: The Art of Being the Donald.”

Will artificial intelligence change Wall Street trading? — Will artificial intelligence change Wall Street trading?
Photographer: Michael Nagle/Bloomberg

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As we’ve all heard by now, artificial intelligence has arrived, courtesy of ChatGPT, the large language model software that already has more than 100 million users. It processes questions and churns out brilliant answers in the blink of an eye. It isn’t sentient — it’s software — but still, it gives every appearance of having the ability to learn and adapt, to refine its output in increasingly sophisticated ways.