ChatGPT may have the edge when it comes to general knowledge. But China’s UP Fintech (TIGR.US) thinks it has a leg up on the global chatbot sensation when it comes to investing. And that could mean big money for stock buyers who would be the main users for TigerGPT, which UP Fintech officially announced last week.
But UP Fintech’s new chatbot will only be able to do so much, and will stop short of offering actual stock picks. That’s probably just as well, since only a tiny fraction of the thousands of analysts, fund managers and other advisors can consistently pick stocks that outperform the broader market.
ChatGPT has become a global sensation these past few months, even though the AI-powered chatbot developed by U.S.-based OpenAI is out of reach in China. Its huge popularity has spurred a flurry of Chinese firms to accelerate the launch of their own alternative products that can provide answers to almost everything within seconds, and even write poems and news reports.