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The Hardest Working Intern on Wall Street

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The Hardest Working Intern on Wall Street

Kristin Orman, Research Director, The Oxford Club

Kristin Orman

Last October in Cape Cod, I gave a presentation to a small group of Oxford Club Members. Titled "The Hardest Working Intern on Wall Street," it was all about how the Oxford Club's Research Team uses artificial intelligence (AI) to help with financial analysis every day.

I explained what AI can and cannot do.

AI can filter regulatory filings such as quarterly and annual financial reports. It can also filter and summarize press releases, research and analyst recommendations.

AI can generate charts and even write basic code. Essentially, AI does the stuff that you'd hire and train an intern or entry level analyst to do. You had to tell - and teach - it exactly what to do and how to do it.

Just 10 months ago, there was still a lot that AI could not do.

It could not make reliable predictions consistently, take initiative, or answer multi-layered questions. AI couldn't come up with an investment thesis on its own, and it couldn't develop and test trading strategies on its own.

Worse, AI could - and did on more than one occasion - simply make stuff up. It had to be fact checked, which meant AI was not ready to make unsupervised decisions.

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Fast forward to many new releases and iterations from Open AI and ChatGPT... and I have to say that I'm using more days than I'm not.

It's an extremely helpful tool that saves me time and boosts productivity.

I use AI to summarize earnings releases and conference calls. It also prioritizes news, and helps me to generate timelines.

It's become my "virtual assistant." AI is an important member of my research team and its performance improves every single day.

Of course, it's not perfect yet.

I still have to fact check the data that I receive from an AI chatbot. And, sometimes, I have to "ask" it in 10 different ways to get the data that I'm after.

There's a lot of data that lives behind paywalls. That means that AI doesn't have ready access to it. This includes information like historical stock prices, analyst recommendations, and financial ratios. That means I have to download and "feed" the information to the AI interface I'm using. Then, I have to teach it how to analyze the data to get what I'm looking for.

It's a lot of work. But in the long-term, it's worth it for the time I save automating tasks.

AI is already saving companies a ton of money. It's making many investors rich, too.

A few months ago, Chief Investment Strategist Alexander Green made a bold prediction. He said that artificial intelligence would be the single biggest wealth creator since the internet.

People cannot even begin to imagine how AI will reshape the world.

Alex believes that the latest AI upgrade, GPT-5, will create an entirely different species of intelligence. It will be the most powerful and important AI technology yet.

The new version will be able to do many, if not all, of the things the technology couldn't do 10 months ago.

It will have problem solving capabilities, the ability to remember workflow, and handle complex tasks.

The next upgrade cycle could completely re-shape the financial landscape over the next six to 12 months and Alex is showing investors how they can profit from it.

Click here to find out more.

Good investing,

Kristin

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