Reported 27 days ago
AI trading bots are gaining popularity, evidenced by Nathan Smith, a 17-year-old who achieved a remarkable 23.8% gain using a ChatGPT-powered bot. While stories of AI trading successes circulate, experts caution that most models lack the needed precision and discipline for real investment. Major financial institutions are integrating AI into their trading strategies, claiming efficiency gains, but concerns about reliability and the potential for misleading predictions remain. Ultimately, while AI can assist in trading, the human element is still crucial in financial decision-making.
Source: YAHOO