Machine Learning Times
Machine Learning Times
Announcing Eric Siegel’s New Book: The AI Playbook
  Dear Reader, I’m excited to announce the forthcoming,...
Predictive Analytics for the Call Center
 So, you just received your shiny new smart watch....
MLW Preview Video: Gulrez Khan, Data Science Lead at PayPal
 In anticipation of his upcoming keynote presentation at Predictive...
MLW Preview Video: Devanshi Vyas, Co-Founder at Censius
 In anticipation of her upcoming presentation at Deep Learning...

4 months ago
JPMorgan Chase Uses a ChatGPT AI-Like Model to Decipher Trading Signals

Originally published in Interesting Engineering, April 28, 2023.

The AI model analyzed speeches from the U.S. Federal Reserve from the past 25 years to determine the nature of policy signals and gain a trading advantage.

Analysts at JPMorgan Chase & Co. have used a ChatGPT-based artificial intelligence (AI) model to analyze statements and speeches from the U.S. Federal Reserve in the past 25 years to determine the nature of policy signals. The outlook of the Federal Reserve has been rated on a scale that the financial services company is referring to as Hawk-Dove Score, Bloomberg reported.

Since the launch of OpenAI’s language model GPT 3 and the subsequent chatbot ChatGPT, businesses have invested in exploring other uses of AI technology. Interesting Engineering reported earlier this month how Bloomberg was also developing its own AI model for the financial markets, dubbed BloombergGPT.

JPMorgan Chase’s work is yet another tool being developed by Wall Street to gain an edge in trading by making use of available information to decipher the central bank’s intent and detect potential signals about upcoming policy changes.

How does the Hawk Dove score AI model work?

The development of the AI model comes at a time when the U.S. Federal Reserve has been aggressively tightening its monetary policy to rein in inflation in the country. With fears of an incoming recession as a result of the policy, investors and traders are keen to know when Fed will begin dropping its interest again.

To continue reading this article, click here.

7 thoughts on “JPMorgan Chase Uses a ChatGPT AI-Like Model to Decipher Trading Signals

  1. Tetris is the popular puzzle game that got it all began by appealing to our innate drive to bring order out of chaos. In 1984, Alexey Pajitnov, who had previously worked as a computer programmer, invented the Tetris video game.

  2. All factors considered I stumbled into your website when searching for blogs pertaining to sonnets. This essay is quite instructive, and you have posted such an important and extensive article that has made me a data participant. I am confident that you will continue to provide us with fundamental and helpful news. Unquestionably, many thanks for such a magnificent accumulation of your writing. globle game

  3. Are you prepared to play the game Bitlife – Life Simulator and experience an interesting virtual life? Before your life is over, start your life over and make the right choices little by little, year by year, until you eventually become a model citizen.

  4. Your article’s content seems to pique the interest of quite a few readers, and I must say that I am quite impressed with your post. I am looking forward to reading more of your excellent articles. word wipe


Leave a Reply