2024-06-17 15:41:34 ET
Summary
- AI technology, such as GPT4, is showing potential to outperform human financial analysts in forecasting earnings accuracy.
- AI-driven investing strategies could potentially disrupt traditional hedge fund managers and generate significant returns without directional market bets.
- Equinix Inc., a leading data center REIT, stands out as a compelling investment opportunity with strong fundamentals, dividend growth, and exposure to AI-driven trends.
Introduction
Artificial intelligence is coming for our jobs.
According to Bloomberg's Aaron Brown , the latest GPT4 technology could beat financial analysts when it comes to forecasting earnings.
The researchers found that GPT4 could predict with 52% accuracy whether next year’s earnings would be up or down — less than human analysts or statistical prediction methods. However, when they used a “chain of thought” technique that tells GPT4 to think like a human financial analyst , accuracy jumped to 60%, better than human analysts and about equal to statistical forecasts. - Bloomberg (emphasis added)
Read the full article on Seeking Alpha
For further details see:
Equinix: Owning The Infrastructure Of The AI Revolution