Can ChatGPT predict the stock market?

The research paper "Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models," by Dr. Alejandro Lopez-Lira and Dr. Yuehua Tang, explores how AI models can analyze news outlet credibility and predict stock market returns. The study highlights that AI could revolutionize financial affairs by forecasting market trends based on news credibility, potentially shifting investment strategies and boosting investor confidence. However, it also recognizes the ethical issues and limitations of these models, such as inherent biases and data privacy concerns.