The Future of Investing and AI: Show Me The Money?

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 10 May 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

We queried ChatGPT: What is the future of Investing and AI? ChatGPT response: The future of investments and AI is closely intertwined, as AI has the potential to revolutionize the investment industry by providing more accurate predictions, improved risk management, and enhanced portfolio optimization. One of the most significant ways is through the use of machine learning algorithms that can analyze vast amounts of data and identify patterns and trends that are not readily apparent to human investors…also robo-advisors…and portfolio optimization. We asked ChatGPT for fictional movie quotes about money or investing. ChatGPT response: – “Money never sleeps, pal.” – Wall Street: Money Never Sleeps (2010) – “The key to this business is buying low and selling high.” – Wall Street (1987) – “Money won is twice as sweet as money earned.” – The Color of Money (1986) – “I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline-powered turtleneck sweater. And, of course, I bought some dumb stuff, too.”– The Jerk (1979) – “It’s not about the money. It’s about the game.” – The Game (1997) We’ll ask Barbara Stewart, Kristof Cox, Raffaella Tenconi and Russell Korus for their take on The Future of Investing and AI: Show Me The Money?

Transcript

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0:00.0	Where does yesterday's future, which is already here, ready here, really here, meet today's future, which is about to happen, and tomorrow's future, which could be just minutes away?
0:16.2	Welcome to technology revolution, the future of now.
0:27.3	Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven trends that are shaping our future right now.
0:30.7	Here's your host who will take us into the future of now, Bonnie D. Graham.
0:35.7	Thank you, the voice of Ryan Treasure.
0:38.9	I can't remember whether I said the future was this way or the past. I just go up in the air. That's it. Welcome to the future of
0:43.7	now. We have a very hot topic for you. Very important because it probably affects, I'm guessing,
0:49.6	about 99% of the people in our listening and viewing audience around the world. What do you do with your money?
0:55.7	No, it's not a banking topic.
0:57.6	Those of you who are my loyal listeners, and I appreciate there are about 200,000 of you around
1:01.6	the world every year, and I'm so grateful that you care about and pay attention to the show.
1:06.3	I've been doing a sub-topic the past couple months on some industry or some cultural thing or some
1:13.4	genre about that and AI. So today our topic is the future of investing an AI. So if you are an
1:22.1	investor, you're going to be very interested. We're not giving advice. We're not telling you what to
1:26.0	do. This is not a show about crypto or stocks or bonds or anything like that, but we're talking about the industry of investing and how it is or is not will or will not change according to the impact of AI. So let me get started before I introduce my very special panel. So I asked chat GPT. I always give credit. You know I do this every week. What is the future of investing in AI? And here's the response. The future of investments in AI is closely intertwined as AI has the potential to revolutionize the investment industry by providing. Now here's where you're all going to be interested. More accurate predictions, improved risk management,
2:02.1	and enhanced portfolio optimization. They talk a little bit about machine learning algorithms,
2:08.1	they talk about analyzing vast amounts of data, they talk about robo advisors. I want to meet one
2:13.1	of those. And portfolio optimization, all sounds good. So, you know, I always love to get movie quotes
2:19.1	on the topic or tangentially related. So I said, hey, chat, GPT, give me some fictional movie
2:24.5	quotes about money you're investing. And I have a couple of beauties here. I have a quote from,
2:29.0	who else would we start with Gordon Gecko, Michael Douglas, from Wall Street Money Never Sleeps,
2:33.3	2010 movie. The quote is, Money Never Sleeps, 2010 movie.
	...

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