ChatGPT could revolutionize portfolio management but is more of a ‘copilot’ than a ‘prophet’ for investors, study says

• ChatGPT can be a helpful assistant in the investment process, a study has found.
• This means AI could be used as a “copilot” for investors, researchers in South Korea said.
• However, ChatGPT is not a market predictor and should not be used like a “prophet.”

OpenAI’s ChatGPT can serve as an effective assistant in portfolio management, a South Korean academic paper published this month has determined.

While the chatbot can’t optimize portfolios the way a human can, it could be a convenient option for investors who lack knowledge or expertise in asset management, according to Seoul National University’s Hyungjin Ko and Jaewook Lee.