Recently, Microsoft announced that it will invite Bing Chat users to participate in testing the AI stock trading function in the next few months. This news aroused widespread concern and discussion among netizens. What exactly is AI stock trading? How accurate is it? Will it replace human investors? What other companies are doing similar things? This article will answer these questions for you.
What is AI stock trading?
AI stock trading refers to the use of artificial intelligence technology to assist or automate stock trading. Artificial intelligence technologies include big data analysis, machine learning, deep learning, etc., which can help analyze market trends, predict price movements, optimize strategies, execute transactions, and more. The advantage of AI stock trading is that it can use massive data and complex algorithms to mine market opportunities, improve efficiency, reduce risks, and overcome human weaknesses, such as greed, fear, and emotionality.
What is the function of Microsoft AI stock trading?
Microsoft's AI stock trading function is one of the application scenarios based on generative AI. Generative AI refers to artificial intelligence technology that can generate new content or answers based on input information. The Microsoft AI stock speculation function mainly uses the Option Pricing method to predict, and integrates many factors such as the current stock price, strike price, expiration date and stock volatility, and creates a new model to predict the stock price trend. Microsoft said that analyzing the stock price model can predict the probability of a stock being higher or lower than a certain price at a certain time, helping investors make more informed investment decisions. Mikhail Parakhin, director of Microsoft's advertising and network services, said in the latest tweet that Bing Chat users will be invited to participate in testing the AI stock trading function in the next few months.
How accurate is AI stock trading?
The accuracy of AI stock trading may vary from person to person, and also depends on the method and data of AI stock trading. According to the information I searched on the Internet, some people think that AI stock trading can assist investors in making investment decisions, overcome the weakness of human nature, and improve the efficiency of strategy development. Some people think that AI stock trading cannot guarantee 100% accuracy and stability. Investors are also required to be cautious and rational. Some people also pointed out that the A-share market is not as mature and stable as the U.S. stock market. There are some uncontrollable factors and market intervention. It is very difficult for robots to identify and judge, and the role of artificial intelligence will be greatly reduced.
My point is that AI stock trading is a promising but risky technology. It can help investors obtain more information and suggestions, but it cannot completely replace investors' judgment and decision-making. When investors use AI to speculate in stocks, they also need to make reasonable choices and adjustments based on their own knowledge, experience, goals and risk preferences. At the same time, investors should also pay attention to the limitations and security of AI stock trading, such as the quality and source of data, the transparency and reliability of algorithms, the stability and confidentiality of the system, etc.
Which other companies are doing AI stocks?
According to the information I searched on the Internet, in addition to Microsoft, some companies are also exploring or providing AI stock trading services or platforms. for example:
**BigQuant:** An artificial intelligence quantitative investment trading platform, based on artificial intelligence technology, has developed a variety of artificial intelligence algorithms, and uses this to perform automated stock trading operations, mainly to provide users with stable and reliable quantitative investment trading support.
**DeltaGrad:** An artificial intelligence quantitative investment trading platform that uses the cognition and big data processing capabilities of IBM's Watson (artificial intelligence system) to analyze investment opportunities in US stocks.
**Tianyancha:** An enterprise information query and search platform that provides information on companies related to AI stock trading, allowing users to have a comprehensive understanding of the financing information, establishment time, location and product details of companies related to AI stock trading.
**GPT-4:** A natural language generation model based on deep learning, which can provide a plug-in called "Portfolio Manager" after being connected to the Internet, which can generate an investment report based on the stock code and time range entered by the user. And give trading advice.
Summarize
AI stock trading is a behavior that uses artificial intelligence technology to assist or automate stock trading. It has both advantages and challenges, opportunities and risks. When investors use AI to speculate in stocks, they need rational analysis, careful selection, and reasonable adjustments. At the same time, we must also pay attention to the development and innovation of AI stock trading, and learn more information and services. Hope this article helps you.
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