Since this has been discussed before (scoring headlines with AI) and the P123 team has considered to implement it, I figure that this crowed might find this interesting.
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Original paper discussed in link above: Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models
"76% of the gains came from shorts"
I evidently have a lot of smart neighbors.
Both of the authors of this paper are foreign born, foreign undergrads followed by graduate degrees from US colleges. Now professors here at the University of Florida which has been emphasizing AI expertise especially in medicine, finance and the physical sciences.
Tang BA, MA China PhD Georgia US. Lopez-Lira BA, MA Mexico MA, PhD Warton US.
Lopez’s new book The Predictive Edge: Outsmart the Market using Generative AI and ChatGPT in Financial Forecasting 1st Edition