The arrival of AI systems called large language models (LLMs), like OpenAI’s ChatGPT chatbot, has been heralded as the start of a new technological era. And they may indeed have significant impacts on ...

Large language models such as ChaptGPT have proven to be able to produce remarkably intelligent results, but the energy and monetary costs associated with running these massive algorithms is sky high.

We (Kim, Muhn and Nikolaev) examine to what extent general-purpose large language models (LLM) such as GPT4 can make informed financial decisions based on mostly numerical financial data. We provide ...